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Trevor Williams

Trevor Williams

Economist, Visiting Professor, Lecturer, Writer, Public Speaker.

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Category: UK Trade

Posted on 12th May 2025

When is a trade deal not a deal?

There’s so much wrong with the recent trade agreement between the US and the UK that it’s difficult to know where to start. First, it’s not a trade deal as it does not reduce tariffs or set the terms for trade between the two countries; instead, it is an agreement about a potential deal. But …

Continue reading “When is a trade deal not a deal?”

Posted on 19th March 2025

Trump, Tariffs and the new world order

Economists generally agree on few economic theories, but the negative impact of tariffs is one of them. The theory advocating for free trade without tariffs or barriers between countries was first articulated by Adam Smith in 1776 in “The Wealth of Nations,” showing that even if a country has an absolute advantage in producing goods, …

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Posted on 7th July 202225th July 2024

Why the UK current account deficit matters

What do Russian oligarchs, the selling of UK companies to foreign investors and the slide in the pound all have in common? The answer is they all help to fund the UK’s growing current account deficit. And it is indeed widening. In Q1 2022, the UK’s trade deficit was £33.4bn, and the current account deficit …

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Recent Posts

  • When is a trade deal not a deal?
  • The USA has gone Rogue
  • UK Spring statement 2025: little room for manoeuvre
  • Trump, Tariffs and the new world order
  • UK can cut interest rates a lot

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