#trade-agreements

#trade-agreements

The milestone US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. Concerns over the basis of the agreement have been heightened by Washington's decision to suspend the 31bn tech prosperity deal, which had been hailed as a generational step-change in our relationship with the US.

According to the BCC's latest Quarterly Trade Confidence Report, only 16 per cent of micro exporters - companies with fewer than ten employees - reported growth in international sales during the third quarter of this year. In contrast, 42 per cent of larger exporters saw exports rise over the same period, highlighting what the BCC described as a "deeply concerning" divide.

UK SMEs say specific Government initiatives designed to help them survive and grow don't go far enough, according to new research from independent funder, Bibby Financial Services ("BFS"). The Q3 2025 SME Confidence Tracker, which surveys 1,000 UK SMEs, reveals that over half (52%) of small businesses believe measures such as the Fair Payment Code, Late Payments Review* and the British Business Bank's Bank Referral Scheme fail to protect and support them.

We are starting from scratch,

The Big Beautiful Bill (BBB) assures tax cuts that stimulate investment, job creation, and GDP growth, leading to unprecedented economic booms from fully deductible depreciation for buildings, equipment, and research.

"They got the 15% rate because they were willing to provide this innovative financing mechanism," he told Bloomberg TV on Wednesday, when asked if other countries could get a similar rate.

"I intend to convey to President Trump and his Cabinet officials that the Philippines is ready to negotiate a bilateral trade deal that will ensure strong, mutually beneficial and future-oriented collaborations that only the United States and the Philippines will be able to take advantage of," Marcos said Sunday when he was departing for Washington, according to his office.

President Trump signed the 'Big, Beautiful Bill' into law over the July 4 weekend, setting the stage for further deficit spending and higher national debt.

Production of cars in the UK has drastically decreased this year, highlighting significant challenges within the automotive sector and its response to external pressures.

The UK is an open trading nation but we must reconcile this with a new geopolitical reality and work in our own national interest.

The European Union's review indicates Israel may be violating human rights obligations under its trade agreement, prompting calls for potential action against the nation.

The sprawling city of Chongqing in southwestern China is an incredible sight. Built on mountainous terrain and crisscrossed by rivers, it is connected by vast elevated roads.

Ford highlighted that these agreements are essential for protecting Ontario's economy amidst the fluctuating landscape influenced by U.S. tariffs.

The British Chambers of Commerce has called for urgent government action to safeguard the domestic bioethanol industry at risk due to US import tariff removals.

Trump announced his administration is raising tariffs on steel imports from 25 percent to 50 percent, framing it as a boon for domestic manufacturing.

The long-hoped-for agreement to create a common sanitary and phytosanitary (SPS) area aims to dismantle damaging non-tariff barriers affecting the food and agriculture sectors.

The markets are showing little direction or conviction despite better-than-expected inflation data and a recent trade agreement between the U.S. and Beijing.

The newly announced US-UK Economic Prosperity Deal signifies a pivotal enhancement of transatlantic trade relationships, promising to lower tariffs and boost key sector collaboration.

The EU remains the UK's largest trading partner, but in sectors such as food and drink, exports have tumbled by more than a third since Brexit. It is important we do everything we can to ensure that whatever decisions are taken on the Brexit front do not damage the long-term trade position, said Bailey. So I hope that we can use this to start to rebuild that relationship.

Under this deal, it will now be cheaper to import a UK vehicle with very little US content than a USMCA compliant vehicle from Mexico or Canada that is half American parts.

This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.

Bond yields have calmed at 4.17%, despite increased mortgage spreads adding 0.15% to 0.20% to rates, highlighting the volatility in current markets.