Businesses need to drink the 'MAGA Kool-Aid' and actively develop relationships in the US if they are to build exports to America in the face of Trump’s Tariffs, according to speakers at an Insider Breakfast.
And experts at the Atlantic Allies have warned that if Britain cannot get the 25 per rate set to be introduced on cars, Britain’s automotive industry is set to take a huge hit, with plant closures and up to 7 000 job cuts.
And experts at the Atlantic Allies have warned that if Britain cannot get the 25 per rate set to be introduced on cars, Britain’s automotive industry is set to take a huge hit, with plant closures and up to 7 000 job cuts.
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00:00Hi I'm Kurt Jacobs I'm the editor of Midlands Business Insider and I just
00:18finished running a debate on our trade with the US Atlantic allies and we've
00:23looked at issues such as what impact trade types are going to have on
00:26manufacturing how do you continue exporting to the US and what impact is
00:31all this having on mergers and acquisitions let's hear from some of our
00:35panelists I'm Steve Greenall I'm the CEO and founder of Warwick Music Group a
00:39musical instrument accessory and instrument manufacturer and we export
00:43in the US and one of the things I think we should be doing is really drinking a
00:46bit of the American Kool-Aid it's a great market big opportunity and the US still
00:51represents one of the biggest US export markets for the UK
00:54hi I'm David Bailey I'm professor at the Birmingham Business School great event
00:58today key thing for me was the need for the government to do a trade deal on
01:02automotive with the US because there are considerable risks for the UK auto
01:07industry many jobs are at risk the US is our one of our number one markets outside
01:12the European Union and the West Midlands is the center of that I'm Chris Hare
01:18economist at HSBC and we've been at a really interesting event thinking about
01:22all the challenges facing businesses with regards to the US times are very
01:26uncertain when we look at tariffs for example not least but maybe some
01:31opportunities out there what we're seeing in financial markets is US capital
01:35flowing towards Europe some investment opportunities there potentially so lots
01:40to think about at the moment I'm Lillian Ellican director of membership at the
01:43Greater Birmingham Chamber of Commerce great event this morning what really stood out
01:48for me was the passion from all the panelists to continue working with the US
01:53despite the challenges some of these terrorists might bring to businesses I'm
01:57really looking forward to continue seeing where we are in a year's time with
02:01that really hope the government continues to support businesses I am Adam Atwood from
02:07Orton's Group PLC my takeaway thought for today was just the quality of the
02:12panelists we covered three very different areas from three different angles and I
02:18thought that the there was some really strong people with very diverse views on the part so I hope the
02:24audience enjoyed it my name is Deb Leary I'm CEO of Forensic Pathways based in Birmingham
02:30it's been a fantastic event today really enjoyed it the key things for me is it's all
02:36about the strategy and about taking action and being positive I think the
02:40interesting thing from from a Trump point of view is that I do believe he has a
02:45game plan that game plan may change as he goes along and that's where the
02:49difficulty occurs but on the whole I think as a country we've still got to
02:54play forward and we've still got to take the opportunities you've just got to be
02:58more strategic about it