About Anupama Sen

Research Assistant in International Trade (Economics) at the UKTPO

Trump’s steel and aluminium tariffs: A problem for some products

You will have read many columns in the past weeks on the wild and unstable tariff-hikes announced by the Trump 2.0 administration. Yet, only a fraction of these announcements was effectively implemented. Here we look at one of them, the steel and aluminium tariffs, and try to gauge their relevance for UK exporters. Let us start by recalling the core elements of the policy. On March 12th the US applied new and higher import tariffs on steel and aluminium products from all countries. These tariffs expand the existing “Section 232” tariff programme on steel and aluminium, first applied in 2018 by the Trump 1.0 administration, in three main ways: all existing exemptions and special arrangements were closed. After the application of Section 232 tariffs in 2018, several countries reached arrangements with the US to be fully or partly exempt from these taxes. The UK benefited from tariff-rate quotas on both steel and aluminium but this arrangement, together with those of several other countries (including, among others, the EU, Canada, Mexico, Japan, and Australia) was now terminated. tariffs on aluminium products were increased from 10% to 25% tariffs were expanded to cover several products containing steel and aluminium, i.e. derivatives produced [...]

By , |2025-03-21T13:32:15+00:0021 March 2025|Blog, International Trade|0 Comments

Trump’s tariffs: How much should we be concerned and why?

With President Donald Trump’s second term, the debate over the use of tariffs is making headlines. On his first day in office Trump once again raised the prospect of the strategic use of these tariffs: he threatened to impose them unless partner countries (Mexico, Canada or the EU) introduced changes in their trade policies or made concessions in other domains (China with TikTok). This approach is likely to have profound implications for both the US as well as on the global economy for three key reasons. First, it will impact the already strained multilateral trading system. Second, there are direct consequences of US tariffs on individual partner countries. Third, there is the question of how effective such actions will be for the US, and that will also depend on the extent of any retaliatory measures. The UK-U.S. Trade Relationship Trump has threatened to impose sweeping tariffs—ranging from 10% to 20% on all trading partners, and up to 60% on Chinese imports. These statements clearly cover a multitude of possibilities, and this generates considerable uncertainty. The UK government appears hopeful that as the US does not have a trade deficit with the UK, that the UK may not be targeted. However, [...]

By , |2025-02-03T17:18:22+00:0024 January 2025|Blog, International Trade|0 Comments

Bridging food and energy crises: A global imperative in a warming world

The interconnected challenges of food insecurity and energy vulnerability are among the defining issues of the 21st century. Both are exacerbated by factors such as climate change, economic inequalities, and geopolitical instabilities, creating substantial strain on global systems. These impacts are felt most acutely in low-income nations, where access to basic necessities like food and energy often remains precarious. As the world navigates these challenges, a key question arises: how can food and energy security be ensured without compromising one for the other? Agriculture plays a vital role at the intersection of food production, energy consumption, and environmental sustainability. The sector accounts for almost 70% of global freshwater use and contributes over 20% of global greenhouse gas emissions.[1] Its reliance on fossil fuels—for mechanization, irrigation, transportation, and fertilizer production—has created a feedback loop that has the potential to exacerbate environmental degradation. This dependence also leaves agricultural systems vulnerable to energy price fluctuations, which could heighten the instability of food supplies. Increasingly, agriculture is being looked to for dual responsibilities: feeding a growing global population and supporting cleaner energy transitions, such as through biofuel production. However, this dual role can place food security and energy needs in competition, as biofuel crops [...]

By , |2025-01-16T10:03:02+00:0015 January 2025|Blog, International Trade|0 Comments

The EU’s tariff hike on electric vehicles from China: The data behind the decision

  For nearly a decade, China has been the linchpin of global supply chains, thanks to its competitive labour costs and vast manufacturing prowess, earning it a moniker as the 'factory of the world’. China’s strong manufacturing position extends to the automotive industry. Against that backdrop, starting on 4 July 2024, the EU will implement tariffs, in the form of countervailing duties (CVDs) ranging from 17% to 38%, on Chinese electric vehicles (EVs). These duties on Chinese EV imports will be on top of an existing 10% duty, thereby reaching a peak of 48%. The decision to levy further duties follows an investigation by the European Commission launched in October to investigate Chinese subsidies distorting EV prices and posing unfair competition risks to European carmakers. Thus, the tariffs are applied on a company-specific basis, tailored to the level of subsidies allegedly received by Chinese firms. The EU's tariffs on Chinese EVs could be seen as a strategic move aimed at reducing its dependency on China in this sector whilst at the same time stimulating domestic EV production. While some may view this policy as protectionist or neo-mercantilist, it could alternatively be seen as a prudent industrial strategy to foster [...]

By |2024-10-11T15:09:30+01:0028 June 2024|Uncategorised|0 Comments
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