How Britain’s exit from the European Union, an amazing work of economic self -harm, predicted the Trump tariff

Britain watched President Trump’s tariff with a mixture of shock, magic and acknowledgment. After all, the country started a similar experience in economic isolation when it voted to leave the European Union in 2016.

The lessons of this experience are suddenly relevant again as Mr. Trump uses a book similar to the construction of walls throughout the United States. Critics once described Britain’s exit from the European Union as the greatest economic harm by a Western country in the post -World War II. You may now get run for her money across the Atlantic.

Even the sudden reflection of Mr. Trump last week of his definitions, in the face of the bond market revolution, I remembered Britain, where Liz TrosShort -term Prime Minister, forced to retreat from the radical tax cuts that were afraid of the markets. Her wrong experience was the culmination of a cycle of extremist policies that Britain’s decision began to abandon the largest commercial bloc in the world.

“In some way, some of the worst legs of Britain’s exit from the European Union are still in front,” said Mark Malushi Brown, a British diplomat who held the position of United Nations Secretary -General. He said Britain is now a difficult option between rebuilding or maintaining trade relations with Europe with Mr. Trump America.

“The main issue is still a violation of our largest commercial partner,” said Mr. Maluk Brown.

Mr. Trump was the British champion of Britain’s exit from the European Union in 2016, which led to clear similarities between him and the political movement he was baffling. Initially, a lower tariff was imposed on Britain from the European Union, which some have given as a reward for Britain’s decision to leave.

The withdrawal of Britain’s exit from the European Union on the British economy has no longer discussed much, although its effects were sometimes difficult to separate it from the subsequent shocks delivered by the Corona virus and war in Ukraine, and now, Mr. Trump’s tariff.

The government budget responsibility office estimates that Britain’s total trade is about 15 percent lower What would have remained in the European Union. Long -term productivity is 4 percent lower than it was due to the commercial barriers with Europe.

Productivity was backward even before Britain left the European Union, but Europe’s rupture doubled the problem by planting uncertainty, which was cooled in private investment. The years between the referendum and the official departure of Britain at the end of 2020 were paralyzed due to the debate about the conditions of its exit.

By mid -2022, investment in Britain was 11 percent less than it was without Britain’s exit from the European Union, based on a model for John Springford, who used a basket of similar economies to defend Britain other than Britain. Trade in goods was 7 percent less and GDP 5.5 percent, according to Mr. Springford, a European Reform Fellow, a research center in London.

Mr. Trump has begun more fluctuations by imposing various compensation. His actions, of course, affect dozens of countries, and the most dramatic in the United States and China. Indeed, there are stagnation predictions and a new tunnel of inflation.

Brexit and then multiple second -class, economic and political effects. Mrs. Trus’s plan for debt -funded tax discounts, which were driven by the desire to jump on the British British economy, instead sparked a sale from British government bonds as investors retreated from their proposals.

A similar sale of American bonds began last week, with long -term effects on the United States. The high revenue of bonds on governments has increased because it means that they must pay more to borrow. The sales also shakes its stability because it indicates deep concern about the country’s credit wall.

In the British case, fears of Mrs. Trus’s credit crisis were forced to attach tax cuts, and soon lost her job. While this calmed the markets, he left the remains of doubt among investors around Britain. Real estate mortgage rates have been high for several months, which reflects what One analyst She described frankly “Premium“

This infiltration among investors has restricted the British consultant in the treasury, Rachel Reeves, to take bolder measures to recharge the economy. Last week, Prime Minister Kiir Starmer excluded the financial restrictions imposed by the government on self, citing his linking to the free market experience of Mrs. Trus.

Mr. Maluk Brown said: “I would like to claim the reason that we have a small conservative consultant in C because of the experience we have experienced with the arame.” “It is directly associated with the unwillingness to claim the effect of the beauty again.”

Unlike Britain, the United States still has the world’s virtual currency in the world in dollars, and until last week, the treasury has remained a haven for investors. But economists expect that both will be subjected to more pressure during the era of Mr. Trump.

“Confidence has been shook, the vigilance bonds are more alert,” said Richard Burdes, Professor of Economics at London College of Business. “People are now more sensitive to the contradiction of politics and the lack of responsibility of politics.”

Brexit also reduced Britain’s impact on the diplomatic stage, which has not started recently to compensate for the efforts of Mr. Starmer to work as a bridge between Europe and the United States.

Mr. Trump’s retreat from America as a security umbrella for NATO pushed Britain to Europe. But the British are still struggling with the legacy of Britain’s exit from the European Union. For example, a defensive conference with the European Union is kept by asking France that Britain made concessions on fishing rights – an old chestnut from Britain’s exit negotiations from the European Union.

Analysts say the longest influence in Britain’s exit from the European Union may be on politics. The years of bitter debate and the extremism of the Conservative Party, which rules from 2010 to 2024, were divided with a set of policies on immigration and trade that reflect the inaccurate alliance behind Britain’s exit from the European Union.

Some Brexiteers pushed Britain’s vision as a low-tax nation, light organization, free trade-Singapore on Hess, in their lists. Others wanted a stronger role in the country in the economy to protect workers in left -wing remnants from the open borders and the repentance of the global economy.

These contradictions led to policies that were often incompatible with the message of Britain’s exit from the European Union. Britain, for example, has witnessed a record increase of clear migration in the years after the European Union. The difference was that more of these immigrants were from South Asia and Africa, and less than central and southern Europe.

Brexit supporters sold the project as a magic bullet that would solve the problems caused by the economy of globalization – that is not different from Mr. Trump’s claims that the definitions will be a blessing for the public portfolio and a treatment for reducing global trade. Either way, experts said, is there such a healing medicine?

“The truth is that Britain’s exit from the European Union has not corrected any of the problems caused by manufacturing,” said Tony Trips, Professor of Politics at London Economy College. “If there is anything, it would make them the exit of Britain from the European Union worse.”

The frustrations of the economy and immigration were among the reasons that made voters invaded conservatives for Mr. Starmer’s Labor Party last year. But his government continued to struggle with these issues, as well as with bruises after Britain’s divorce from Europe.

The coalition of Mr. Trump Maga has some of the same ideological rift lines, such as Brexiteers, which puts economic nationalists such as Stephen K. Bannon against the worlds like Elon Musk. This prompted analysts to ask whether the post -Trump policy in the United States will appear like a post -Britain’s exit policy from the European Union in Britain.

“Britain’s exit from the European Union caused deep damage to the Conservative Party,” said Professor Traffers. “He has become insecure because he is playing the factions. Will the Republican Party be manufactured similarly after Trump?”