GTR News Brief: Global trade left reeling by Trump’s tariffs
Long before US President Donald Trump returned to power, he promised to unleash “obnoxious tariffs” on all trading partners, and in recent days, has worked to fulfil this pledge.
Last week, he announced levies of 10% on many nations and higher tariffs on countries perceived to have a particularly unfair trade deficit with the US.
Host Felix Thompson is joined by GTR reporting colleagues, John Basquill and Isaac Hanson, to discuss the tariff rollercoaster and its impact on commodities markets.
15 Nov 2024
GTR News Brief: Trump promise of “obnoxious” tariffs signals global trade shake-up
Last week, Donald Trump claimed a convincing win over his Democratic rival Kamala Harris in the race to become the next US President, and his Republican party also retook control of the Senate.
Host Felix Thompson is joined by GTR senior reporter Jacob Atkins to discuss the President-elect's promise of "obnoxious" tariffs and how these measures are set to upend global trade.
They also consider the impact of Trump's electoral win on negotiations within the OECD Arrangement on Officially Supported Export Credits, as members prepare to discuss a proposal from the European Union to ban the export financing of oil, gas and coal supply chains.
17 Sept 2024
GTR News Brief: UK drops plans to hike capital requirements for trade finance
In recent years, banks have been closely watching to see if regulators in the EU, UK, and US would impose higher capital requirements on trade finance products like standby letters of credit and guarantees.
In a significant win for trade finance providers, the Bank of England has recently abandoned its proposal to raise capital requirements for key trade instruments. The decision came after the Bank received compelling data indicating that the original plans were overly conservative.
On the latest episode of the GTR News Brief, senior reporter Jacob Atkins discusses why the central bank took this decision and the implications for the trade finance sector.
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