Media

CNN Money | How Europe could fight back if Trump taxes car imports

25 Jun 2018
|
Regions: 
EU/Eurozone,
Americas

A move by President Donald Trump to impose tariffs on cars assembled in Europe would dramatically escalate trade tensions and produce a quick response from the European Union.

The European Union will chose its targets from US imports worth about €256 billion ($299 billion) each year.

"The targets will be a combination of iconic US brands and politically sensitive agricultural products," said Gregor Irwin, chief economist at Global Counsel.

Al Jazeera English | Counting the Cost: Brexit countdown

16 Jun 2018
|
Regions: 
EU/Eurozone,
Americas

It doesn't look like we're any closer at this point to knowing what Brexit is going to look like. The longer that goes on, what sort of damage is it doing to the UK economy? Gregor Irwin, Chief Economist, Global Counsel, said: The longer that that goes on, the more likely we are to see firms, investors beginning to implement their contingency plans.

CNN Money | Tariffs aren't the biggest problem for American exporters

7 Jun 2018
|
Regions: 
EU/Eurozone,
Americas

The leaders of the world's largest economies are at each others' throats over tariffs. Should they be?

"It's just entirely wrong to focus on one sector," said Gregor Irwin, chief economist at Global Counsel. "There is room for improvement in the EU-US relationship, but it certainly requires concessions on both sides."

CNN Money | EU fights back to neutralize US sanctions against Iran

21 May 2018
|
Regions: 
EU/Eurozone,
Multilateral

Europe is fighting back against President Donald Trump's attempt to isolate Iran with new rules aimed at protecting European companies from US sanctions.

"I think [today's move is] definitely a signal to the Iranians that the EU will not give up without a fight with the US," said Thomas Gratowski, an Iran expert at the advisory firm Global Counsel.

CNN Money | Can Europe keep doing business with Iran?

9 May 2018
|
Regions: 
EU/Eurozone,
Asia,
Multilateral

President Donald Trump is pulling the US out of the Iran nuclear deal and bringing back harsh economic sanctions. But it's how European governments and companies respond that may matter most.

The EU could use a "blocking regulation" to counteract US sanctions and allow trade to continue. "Not everyone in Europe, especially among European companies, is confident that [this rule would] allow the continuation of business with Iran," said Thomas Gratowski, an Iran expert at the advisory firm Global Counsel. "Its practical value is probably much lower than its symbolic value."

Al Jazeera English | Trade wars and debt: The biggest risks to world economy

21 Apr 2018
|
Region: 
Multilateral

A trade war and a new Cold War are threatening to rip apart the global economy. That's the springtime message from the International Monetary Fund (IMF) and the World Bank.

Assessing the IMF's report card, it provided a "fairly positive picture," says Gregor Irwin, chief economist at Global Counsel. "Global prospects are good, one or two clouds on the horizon, concerns about protectionism, concerns about financial vulnerabilities in China."

ISPReview | Industry says UK gov and regulation is key barrier to full fibre rollout

16 Apr 2018
|
Region: 
UK

A recent debate of the Digital Infrastructure Panel (hosted by law firm Herbert Smith Freehills), which included representatives from BT, Hyperoptic and Virgin Media, has highlighted government policy and regulation as the key barrier to large-scale investment in “full fibre” broadband.

Geoffrey Norris, Senior Advisor (Global Counsel), said: “Across the UK political class, ambitions and expectations about broadband and 5G are high and rising, and are likely to lead to Governments of whatever political complexion to become more interventionist in the pursuit or realising them".

CNN Money | Sanctions have sent aluminum soaring. That could hurt your wallet

11 Apr 2018
|
Regions: 
Russia & CIS,
Americas

US sanctions aimed at punishing Russian oligarchs close to President Vladimir Putin could make your soda habit or luxury car more expensive.

"Businesses just don't want to deal with even a remote risk of getting on the wrong side of US authorities," said Gregor Irwin, chief economist at the political advisory firm Global Counsel.

Food and Drink Federation | A 'hidden hard Brexit' for food and drink exporters?

16 Mar 2018
|
Regions: 
EU/Eurozone,
UK

A new report commissioned by the Food and Drink Federation (FDF) and the National Association of British and Irish Flour Millers (NABIM) from Global Counsel has revealed that the UK's food and drink manufacturing sector could face a hidden 'hard Brexit' once the UK leaves the EU as a result of rules of origin.

Financial Times | Winners and losers in an EU-UK free trade agreement

13 Mar 2018
|
Regions: 
EU/Eurozone,
UK

In just a few weeks, Britain will begin what could be the country’s most momentous negotiations since joining the EU in the 1970s: talks on how it will trade with Europe for decades to come.

Regulations, frequently the cause of non-tariffs barriers to trade, still often differ. It is also much more difficult than within the EU to ensure that both sides still stick to the deal. “The fundamental difference is that FTAs are agreements between autonomous regulatory jurisdictions that want to stay autonomous,” says Stephen Adams, a former trade adviser to the European Commission.