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Trump and Ongoing Brexit Troubles Combine to Threaten UK Trade
The UK’s trade in goods is set to grow by an average of just 0.7% a year in the decade from 2023, well behind the global average of 2.9%, according to a report published Monday by Boston Consulting Group. Post-Brexit frictions will continue to hinder trade with the European Union, while higher US tariffs under President-elect Donald Trump will weigh on UK exports, BCG said. It added that Britain will be buffeted by US and EU efforts to divert their supply chains away from China. Last year, it had expected...
Trump's tariff threat against Denmark risks showdown with European Union
The European Union stands ready to respond to President-elect Donald Trump should he try to use tariffs to try to push Denmark to sell Greenland. Newsweek reached out to the Trump transition team and the Department of Commerce on Thursday afternoon for comment. Trump at a press conference last week told reporters that the U.S. needs Greenland "for national security purposes," claiming that "people really don't even know if Denmark has any legal right to it, but if they do, they should give it up, because we need it for...