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UK avoids worst US tariffs post-Brexit, but no celebrations
UK avoids worst US tariffs post-Brexit, but no celebrations
Economy
by  AFP

More than four years after the UK's withdrawal from the European Union became effective, Britain has escaped harsher US tariffs, facing only half of the 20 percent imposed on its EU neighbours. Although he called the 10 percent levy "a disappointment," it is significantly lower than the 20 percent levy on the EU and the 34 percent levy on China.

Trump's trade math baffles economists
Trump's trade math baffles economists
Economy
by  AFP

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Following Trump's trade philosophy, the formula takes a country's trade deficit with the US as evidence of unfairness.