Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Trump’s tough policies push UK, EU to significantly expand trade and defense

by May 19, 2025
May 19, 2025
Trump’s tough policies push UK, EU to significantly expand trade and defense

Nearly a decade after the United Kingdom (U.K.) voted to leave the European Union (EU) under Brexit and amid shifting relations with the U.S. under President Donald Trump, Britain and the EU significantly bolstered their trade and defense partnership on Monday. 

In what is the largest deal the bloc and the U.K. have agreed to since the controversial Brexit vote in 2016, the two economic powerhouses agreed to increase defense ties and slash red tape, making it not only easier for U.K. food and visitors to access the continent, but also granting fishing rights to EU vessels off of Britian’s coastline. 

The agreements have been described as a ‘reset’ and championed by U.K. Prime Minister Kier Starmer, who opposed Brexit, and EU leader, Commission President Ursula von der Leyen, who said, ‘At a time of global instability, and when our continent faces the greatest threat it has for generations, we in Europe stick together.’

While the U.K. talked down the Trump administration’s 25% ‘reciprocal’ tariffs earlier this month to limit the fees to 10% on up to 100,000 car exports to the U.S. – the U.K.’s chief export item to the States – the EU has reached no such agreement with Washington and faces 20% tariffs on all U.S. exports come July. 

While EU and U.S. officials are still working to find an agreement, reports on Monday suggested that even the existing 10% tariff slapped on the EU over the last 50 days has left a negative mark and the bloc anticipates a drop in growth for 2025.

However, it is not only Trump’s tariffs that have pushed Western allies to strengthen relations following his re-entry into the White House. 

Trump’s hardline push for increased NATO defense spending, along with his sharp break from the Biden administration on Ukraine aid, left European allies scrambling after his inauguration.

While the Trump administration has seemingly improved ties with Ukrainian President Volodymyr Zelenskyy, Trump’s refusal to outright condemn Russian President Vladimir Putin has resulted in stronger ties between top nations like the U.K., France and Germany, as well as within the EU bloc.

At the heart of the new defense agreement is the U.K.’s ability to access an EU defense loan program worth roughly $170 billion, expanding joint defense procurement opportunities. 

‘Britain is back on the world stage,’ Starmer said. ‘This deal is a win-win.’

Far-right conservatives in the UK like Nigel Farage, an ardent proponent of BREXIT, have condemned the recently announced deal. 

The White House did not immediately respond to Fox News Digital’s questions. 

Reuters contributed to this report. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Swiss-born liberal megadonor slapped with lawsuit for allegedly groping, sexually harassing winery employee
next post
Earnings Watch: Smart Setups in HD, PANW, and BJ

You may also like

Dem Sen. Mark Kelly fires back after Musk...

March 28, 2025

Bernie Sanders, AOC take aim at Trump and...

March 21, 2025

Israeli defense minister orders IDF to plan for...

February 6, 2025

Jeffries expected to name DelBene as new DCCC...

December 20, 2022

Fox News Poll: Support for helping Ukraine fading

November 16, 2023

WATCH: Biden admin grilled for friendly overtures to...

November 3, 2023

AG threatens to sue nonprofit accused of going...

February 10, 2023

KJP dodges question on Biden’s mental health after...

February 7, 2024

And Just Like That….Suddenly Author Stephen King Cares...

December 17, 2022

Biden admin warns migrants that entering illegally ‘will...

April 26, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap

      June 9, 2025
    • Believ secures £300m to roll out 30,000 public EV charge points across the UK

      June 9, 2025
    • US and China hold London talks to ease trade war tensions

      June 9, 2025
    • British fathers urged to join landmark ‘dad strike’ over poor paternity leave

      June 9, 2025
    • IVF parents should have right to paid fertility leave, says GMB union

      June 9, 2025
    • Reform UK clashes with Bank of England over interest payments to lenders

      June 9, 2025

    Categories

    • Business (8,158)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved