Donald Trump has been elected president of the United States. For the second time, the Republican will lead one of the world's most influential countries. What does his election mean for the flower and bulb trade?
“If Trump wins there will be tariffs on all products imported by the US. The budget presented by the UK last week is dwarfed by the importance of the US election,” said Leon Cock of Atticus Partners during a webinar on UK finance minister Reeves’ annual budget.
In recent years, the trade relationship between the UK and the EU changed. Since the British left the EU, the export of plants and flowers from the EU to the UK has become more difficult and more expensive. It is an example of the de-globalisation that has taken place in recent years, whereby countries or associations of countries, such as the EU, are increasingly protecting their own markets. As such, the long-standing trend of trade liberalisation seems to have come to an end.
