Business Economics & Policy @ Birmingham Business @BLE_BBS
Business Economics and Policy Group, Department of Management @uob_business @unibirmingham @CoSS_Birmingham Birmingham, England Joined December 2022-
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‘Once again the UK government is at risk of adopting a piecemeal approach, rather than developing a longer-term strategy to tackle the fundamental structural problems afflicting the UK steel industry’ @dgbailey & Paul Forrest’s new blog on British Steel ukandeu.ac.uk/the-future-of-…
🚨 News just in - Rachel Reeves has pledged that the government will 'play a big role' in the future of steelmaking Read our blog from @dgbailey & Paul Forrest on how the government has kept British Steel going for now but needs a plan for the future👇 ukandeu.ac.uk/the-future-of-…
ICYMI Last night’s Auto Blogs from the Blackstuff by @dgbailey on Trump’s Tariff Tornado for the UK car industry. john-clancy.com/blogsfromthebl…
Prepare for 'carmageddon': Trump's tarriffs are a perfect storm for the UK auto industry - @LBCNews blog @UKandEU @UoB_Business @unitetheunion @SMMT lbc.co.uk/opinion/views/…
Here in the UK, auto firms are operating well below capacity, & in some cases may be pushed below viability levels. The govt’s industrial strategy needs to spell out now how it will help the industry, including immediate short term support to keep plants open. @BenMNorman
A later White House clarification confirmed that components are also covered by tariffs. This will push up assembly costs in the US given the large amounts of components coming in from Mexico & Canada. US car production will be become more expensive and US car prices will go up.
German brands like Mercedes, BMW and Audi will look to make more cars in the US (all have assembly operations there), which Trump hopes for. They also have Mexican operations, which appear to be caught by the tariffs.
The US is the UK's largest auto export market after the EU. There will be a particular impact on the West Midlands region which is the number one exporting region to the US (think JLR & Aston Martin for example) + is also the centre for components going into exported cars.
Cars are the UK's number one goods export to the US, at £8.3bn in the year to the end of Q3 in 2024, out of around £60bn in total UK exports to the US - or about 14% of UK goods exports to the US. Firms like JLR, Rolls Royce, Bentley, Aston Martin and MINI will be most affected.
The UK and EU auto industry was already being squeezed by falling sales in China, stagnant demand in Europe, and slow EV take up. It's a perfect storm for the European auto industry. UK auto already has a low volume crisis with plants operating well below capacity.
Tesla’s recent letter to the US govt (unsigned as nobody wanted to be fired) made clear the risks to Tesla from this approach - higher retaliatory tariffs, increased component costs.
Trump auto tariffs - a quick thread. As expected - 25% tariffs on all car imports to the US. This will have a big impact on major auto exporters to the US: Europe (including the UK), Japan, South Korea, Mexico and Canada. @UKandEU
UK car industry braces for “sizable hit” by new 25 per cent US tariffs - @AutoExpress Tom Jarvis with comments by @dgbailey @UKandEU @UoB_Business autoexpress.co.uk/news/366376/uk…
@Theothebald @BBCNews goes for a spin in a driverless @Nissan Leaf. I catch a ride too… @UoB_Business @UKandEU vimeo.com/1065783169/f4c…
@MarkGoughITV @ITVCentral on more cash for EV chargers in the Midlands, at 5m50s. I pop up at the end. His filming is always a work of art. @UoB_Business @UKandEU @MidlandsConnect itv.com/watch/news/cat…
“I’ve seen several ‘I bought this before Elon went mad’ stickers on Teslas” said Bailey, who added that he has a sticker on his midnight-grey Tesla Model S expressing the same sentiment with a profane turn of phrase” great piece by @tobiaraji washingtonpost.com/business/2025/…
‘The Professor doesn’t understand trade’ 😡
‘The Professor doesn’t understand trade’ 😡
Sami Bensassi and @delis_agelos argue that we are leaving the shore of free trade and entering an era of unfettered mercantilism. 👇 With Trump back in the White House, the age of free trade could be coming to an end theconversation.com/with-trump-bac… via @ConversationUK
Beyond levelling up: where next to revive lagging regions? With Felicia Fai & Phil Tomlinson, intro to blockbuster @cssjournal1 special issue ‘Beyond Levelling up’ @rsa_blog @RSAEurope @mhclg @CommonsHCLG tandfonline.com/doi/full/10.10…
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