Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
The UK is preparing to adopt the faster T+1 trading regime—a one-day settlement cycle—by the final quarter of 2027, following in the footsteps of the US, according to Andrew Douglas, chair of the government-appointed team advising on the transition. This shift aims to streamline trading processes and reduce risks, but it may take place ahead of the European Union (EU), potentially complicating cross-border financial operations.
A new report lays out two scenarios: one where both the UK and EU switch to T+1 simultaneously, and another where the UK moves independently. While officials in Brussels have hinted at a similar timeline, with a potential shift by the end of 2027, EU markets are more fragmented, making coordination challenging.
Failure to align could increase trading frictions and operational costs due to mismatched processes across the two regions. Industry groups, including the Association for Financial Markets in Europe, have urged both regions to harmonize their transitions.
The move to T+1 will require upgrading technology, adjusting operational processes, and potentially increasing staffing. The US, Canada, and Mexico successfully implemented T+1 earlier this year, providing a model for smooth execution.
If the transitions don’t align, the report suggests keeping certain instruments, like ETFs and Eurobonds, on a slower settlement cycle initially.
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