Available data for this year, same source used by #WIR, suggest that greenfield investment to the US is almost as high as the total received in 2024.

It is based on the impact assessments made opportunetily by DIT & DBT. For UK-Australia is £2.1bn, CPTPP is £2bn and UK-India is £4.8bn. The one for the EU is £9bn.

I doubt Trump will extend a concession on a MFN basis without further negotiation.

Retaliate is a terrible option. Better to increase integration and trade across the world without the US that will be detached fromthe rest of the world for a while.

#Asian economies such as #srilanka #Bangladesh #Cambodia must work in increase further the regional integration particularly with #India and other partners.

#Kenya, #Ethiopia and other African countries could benefit if they accelerate the implementation of the #AfCFTA and finalise the rules of origin on textiles and garments, facilitating backward linkages across the continent.

The impact is not even across the world. So, some #African countries that currently export to the US might benefit as the differential tariffs with respect to the #Asian countries will increase.

The US has large deficits with these countries because it has specialised on other products. Therefore, there is a mutually beneficial exchange to make. Unfortunately, neither Trump nor his advisors understand it. Higher prices and likely trade diversion for the US consumers.

Unsurprinsingly for everyone that has read Ricardo, the impact of the #Trump tariffs falls primarily on those countries with abundant manual labour (Asian countries) that has specialised in the production of garments, footwear and other light manufactures.

Yes, that’s right. I just pointed that it is an instance of EU support to strategic technology. In reality, I only support my beloved Racing Club in Argentina; but as an adopted Brightonian, I had to defend the honour of the BHA

You have another example with the EU development of Galileo to compete with the GPS.
As I Brightonian, I can say that at this very precise moment, there are other substantially less glamourous teams.

Services trade data is somewhat imprecise if available.

The US could tight rules of origin in the USMCA, and US-Vietnam FTA and its GSP. It could, on these grounds, let AGOA expire at the end of this year. These appear as easier and more likely options with probably similar impact on China.

And it will create in most local industries including textiles, garments, light manufactures, etc. A very complex political picture in each country.

I heard that thanks to climate change, the South of England has now a better climate than Chapagne, France to produce sparkling wines.

Most likely is that Trump aims to just bring back industries. The other objectives are through into the argument just to reinforce it, they could happen in isolation but not altogether.