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pmdfoster.bsky.social
Brighton-dwelling World Trade Editor at the Financial Times https://www.ft.com/peter-foster Sometime Brexit nerd & author of 'What Went Wrong with Brexit' https://t.co/VsIipD7JBr
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UK closes in on US trade pact with lower tariff *quotas* for cars and steel — lowering the 25% headline tariff is still a hope (but I’m told tough) and US still pushing hard on agri & pharma issues. Scoop with @pickardje.bsky.social @financialtimes.com on.ft.com/3RR7UMw

Plans for EU and Pacific bloc tie up is early evidence the landscape of global trade is shifting under pressure from Trump — me and colleagues in @financialtimes.com

EU eyes closer ties to transpacific bloc as Trump jolts trade order-Plans to build stronger links between Brussels and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — a group of 12 countries that…  www.ft.com/content/bee3... @pmdfoster.bsky.social @financialtimes.com

I’ve been writing a weekly newsletter on post-Brexit Britain for the last 5 years for @financialtimes.com — now I’ve filed my last dispatch as I head off to be World Trade Editor. It’s grim reading, I’m afraid, as this morning’s election results attest. on.ft.com/3RLViX1

CLASSIC Brexit tale: — EU says vet deal will be time-limited if the fish deal is time-limited. Quid pro quo…. Welcome to Brexit negos 2.0…plus ca change etc. @andybounds.bsky.social @financialtimes.com scoop. on.ft.com/3GwAvnS

The China-US trade lane is stalling very hard. Lot of retail inventory in the US but plenty who need parts/inputs will feel pinch within weeks, per shipping experts.

Demand slump fuelled by Trump tariffs hits US ports and air freight—The cost of access to the US market would be the highest since the 1930s, John Denton, secretary–general of the International Chamber of Commerce, said… www.ft.com/content/967a... @pmdfoster.bsky.social @financialtimes.com

Remember @michelbarnier.bsky.social saying the UK can’t be an “assembly hub” off Europe after Brexit? Well, the answer is still “non”. EXC with @andybounds.bsky.social @georgewparker.bsky.social — EU rejects UK ask for mutual recognition of conformity assessment on.ft.com/4iBcpG4

👇 latest in new @financialtimes.com role as World Trade Editor…a typical medial device (MRI scanner, insulin pump etc) has 100s of parts often from 20+ countries. And, as yet, no exemption from Trump tariffs. Graphic by brilliant Ian Bott.

Globalisation in practice. @pmdfoster.bsky.social is now on the case for the FT and getting his head around the complex supply chain realities that lie behind global goods supply. That NB are far more resilient than given credit for. www.ft.com/content/3140...

UK looks to be joining EU and US in scrapping duty-free imports on low value parcels. Bad news for Shein\Temu fans…more red tape for exporting SMEs…big retailers upset by growth (?abuse) of the system happy. on.ft.com/4itVvsA UK examines ending low value import scheme over ‘dumping’ of goods

In America…universities advise foreign students to have “personal care packages” and arrangements to have kids picked up from school/daycare if they’re detained. In America…my head hurts. on.ft.com/4jpXpfs Trump, Vance and the attack on American universities

Happy Easter, if that’s your thing.

“A currency is only as good as the government that backs it.” 😱$$$ via @economist.com

Unusual amount going on in the usually boilerplate cabinet office response. 1. It was in the manifesto 2. Cheap food. Political gears finally crunching…

#tobycarvery - DM me and I’ll let you know where to find this beauty of a yew tree. Must 400+ years old. Walked past it today, reckon must be a health and safety risk. We could get that all safe and cut down in an afternoon, I reckon.

UK big supermarkets calling for a “veterinary deal” with the EU…via @financialtimes.com …a point of reference next time Lord Frost is saying it would be a “sell out”. Letter sent to Sefcovic as a “spine-stiffener” lest Labour gets Trump/Reform collywobbles. on.ft.com/42kTdHN

Another reason to ❤️ Brighton. We still have a few elms, that survived Dutch Elm Disease. Lovely at this time of year. @sabaone.bsky.social

The letter in which @andrewduffeu.bsky.social dreams Starmer decides to rejoin the EU while (rather bravely) setting conditions!

encompass-europe.com/comment/dear... @andrewduffeu.bsky.social

If you need a (wry) laugh, read @urbandirt.bsky.social on Japan's Expo 2025, which has just opened at an...inopportune moment www.ft.com/content/66bd...

When I asked Copilot to summarise this article, it referred to "former President Donald Trump". What does Microsoft know?

on.ft.com/4iaLroq Trying to make sense of the madness? Try this from me was @financialtimes.com colleagues. What does Trump’s tariff pause mean for global trade?

Makes total sense to kill off one of the few sectors in which the UK is still world leading

on.ft.com/4j8mIm8 UK Home Office’s reform of graduate visas runs into opposition — inter departmental bust-up on this. Unis can’t afford to lose more lucrative overseas students. Tho @universitiesuk.bsky.social boss tells me they don’t need DfE to point out crimping grad route be a bad idea. 1/2

Some of the UK “Singapore” Brexit benefit stuff being trotted out is absurdly myopic. In the best traditions of Brexit, of course. The UK is trapped between two increasingly mercantilist trade blocs. It will keep paying a price that exceeds any arbitrage benefits. QED, the last eight years.

🙈

Delimitation (ˌdiːˌlɪmɪˈteɪʃən): Our @FT Big Read on the debate in India about whether, how, and when to reconfigure Parliament to account for the country's growing population - and the regional tensions tugging at the Union. With Aditi Bhandari on.ft.com/4clYr9t

Patient coughs a little.

Breaking: Whirlpool announces they are laying off 651 American workers in Iowa, citing the economic conditions under Trump.

The chart of doom…but Donald still has a way of making it feel all weirdly compelling. I’m old enough to remember Boris Johnson announcing the EU-UK trade deal and saying “if anything” it would allow the UK to export MORE to the EU. Snake oil, anyone?

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Congratulations to Judge Susan Crawford on her victory, and to the people of Wisconsin for electing a judge who believes in the rule of law and protecting our freedoms.

If you’re in need of expert consultancy advice as Trump prepares to launch his tariff fest…

New with @pmdfoster.bsky.social - ahead of 'Liberation Day', a look at what an escalating trade war could mean for the global economy, based on new modelling by @shepotylo.bsky.social and Jun Du at @astonuniversity.bsky.social. Gift link: on.ft.com/4iOHIOi

‘What price will the UK pay for a trade deal with Donald Trump?’ @pmdfoster.bsky.social ftedit.ft.com/Ju3k/o1zswhkr