Caroline Hug

London

Trade Reporter at POLITICO Europe

Trade Reporter @POLITICOEurope

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Articles

What is (and isn’t) included in the UK-US trade deal

6 days ago | politico.eu | Sophie Inge |Caroline Hug

LONDON — It’s not exactly the full-fat free trade agreement with the U.S. that the U.K. envisioned after Brexit. But given the circumstances, it will bring some relief to British industry. On Thursday Britain’s Labour government earned itself fresh bragging rights when it secured an economic agreement with the U.S., a mere days after sealing a much-anticipated — if controversial — free trade deal with India.
What we do (and don’t) know about the UK-India trade deal

1 week ago | politico.eu | Jon Stone |Caroline Hug |Graham Lanktree |Sophie Inge

LONDON — The fifteenth time’s a charm, it would seem. After a series of false starts, missed Diwali deadlines and changes of government, the U.K. and India have finally put their differences aside to strike a free trade agreement. But the final pact — with some details set out Tuesday — is far from what negotiators imagined when they launched the talks back in 2022, with compromises made on both sides.
Wielka Brytania zarzekała się, że nie wybierze między Trumpem a Xi. Ostatnie ruchy świadczą o czym innym. "Chińska ambasada wpadła w furię"

2 weeks ago | wiadomosci.onet.pl | Caroline Hug

Wielka Brytania przyjmuje "spokojne i stabilne podejście w celu zapewnienia wzrostu gospodarczego i handlu międzynarodowego" — powiedział we wtorek rzecznik rządu. "Pragmatyczne stosunki Wielkiej Brytanii z Chinami zawsze będą oparte na interesach ludzi pracy w Wielkiej Brytanii". Chiny znalazły sposób na wykiwanie świata. Pekin chce wykorzystać Europę.
Britain’s suddenly getting tough on China as it craves a Trump trade deal

2 weeks ago | politico.eu | Caroline Hug

LONDON — Britain insisted it would never be forced to choose between the U.S. and China. But as ministers hustle for a carve-out from Donald Trump's tariffs, a string of policy moves suggest the country is starting to pick a side. The U.K. is taking a “calm and steady approach to secure growth and international trade," a government spokesperson said Tuesday.
Britain’s MPs vote to take control of British Steel

1 month ago | politico.eu | Caroline Hug

LONDON — British MPs have approved emergency legislation empowering ministers to place British Steel under state control. The dramatic intervention — interrupting the parliament's Easter recess — followed a tense standoff with Chinese firm Jingye, British Steel’s parent company. Jingye had threatened to shut its operations in the northern English industrial town Scunthorpe, resisting an offer to stock the site with the raw materials needed to keep the furnaces running.
UK bans personal EU meat and dairy imports

1 month ago | politico.eu | Caroline Hug

The new restrictions will not apply to goods arriving from Northern Ireland, Jersey, Guernsey, or the Isle of Man. While FMD doesn’t pose a risk to humans and there are no current cases in the United Kingdom, it’s a highly infectious disease that puts Britain’s farming industry at significant risk. U.K. Farming Minister David Zeichner said: “This government will do whatever it takes to protect British farmers from foot and mouth.
Britain plots state control of a flailing steelmaker. Here’s why.

1 month ago | politico.eu | Caroline Hug

It had threatened to shut its operations in Scunthorpe, a northern English industrial town, resisting an offer to stock the site with the raw materials needed to keep the site — the sole remaining source of virgin steel in Britain — running. Jingye says the two blast furnaces are "no longer financially sustainable," and has cited six-figure daily financial losses from keeping them open.
UK parliament recalled to discuss future of British Steel

1 month ago | politico.eu | Caroline Hug |Dan Bloom |Emilio Casalicchio

LONDON — The British parliament will be recalled on Saturday to discuss British Steel as the future of its Scunthorpe blast furnaces hangs in the balance. MPs will meet at 11 a.m. — interrupting their Easter recess — to discuss “legislative proposals to ensure the continued operation of British Steel blast furnaces is safeguarded,” according to a statement issued by the House of Commons on Friday afternoon.
Tech tax was never set in stone, says Britain’s trade chief as Trump tariffs loom

1 month ago | politico.eu | Caroline Hug

LONDON — The U.K.’s digital services tax (DST) was never set in stone, Trade Secretary Jonathan Reynolds said Wednesday, raising the prospect that Britain could pare back the levy to avoid looming U.S. tariffs. “We’ve always been of the view as a country that this has to be something ideally agreed on an international basis,” Reynolds said at the Chatham House Global Trade Conference in London.
Germany urges Britain to rejoin EU customs union

1 month ago | politico.eu | Caroline Hug

LONDON — Germany’s top diplomat in London has called on Britain to strike a customs union deal with the European Union. Speaking at the British Chambers of Commerce on Thursday morning, ambassador Miguel Berger pointed to Turkey’s long-standing customs union with the EU as a potential model. “When we have the review next year, we can obviously look into possibilities where we can cut red tape,” he said.