UK to rely on skewed US trade figures to skirt Trump tariffs

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Sir Keir Starmer uses a long-standing statistical quadruple attempts to protect Donald Trump, relying on US data that shows the United Kingdom one of the most unique major economies.

The British ministers focus on US data with officials in the trump cards, as its methodology is more useful for their work than the British own statistics.

“Using American’s own trading data allows you to have a common and strong basis when discussing our American friends,” he jokes one high-ranking British official.

According to US figures, America registered an excess trade with the United Kingdom in 2023 to $ 14.5 billion. It puts Britain in a favorable position because Trump threatens to target tariffs with significant deficits.

However, the National Statistics Office reports that the United Kingdom has registered a surplus of 71.4 billion pounds or about $ 89 billion in 2023.

Trump has threatened punitive tariffs on countries that the United States is nominated for trade deficit, despite its focus, not services.

Before most of the British trade balance with the United States, the country reported a surplus of small goods to $ 3 billion. This is still contrasted with the surplus of $ 9.7 billion worth of trade, the United States reports with Great Britain.

Lord Mandleson, a new British Ambassador to Washington, argues that the victory should save Britain to take into account the position of trade between the two countries.

Atlantic Statistics Offices are aware of the differences and cooperate to reassess data from 2017. Both are emphasized on how differences increase when measuring the service.

Commercial asymmeters are common, and the differences “range of conceptual and measurement fluctuations between different countries” can occur, “the series warned.

Key problem in British figures is the treatment of crown dependence on the three offshore areas of the island in the British Isles, which are the possibility of the British crown self-government.

The US Bureau of Economic Analysis includes Trading Jersey, Gersi and Menny Island, while ons does not do.

Given that Jersey includes more than 35,000 financial firms that manage more than 450 billion pounds, this omission has a material effect.

The United States reports that Great Britain is exported to $ 4.8 billion than imports, while Great Britain claims that about 70 billion is exported to the United States than imports.

The United Kingdom noted that the exclusion of the dependence of the crown from the British trade data is in line with the European Accounts System.

US Statistics Office said It will “discuss the feasibility of changing its data collection tools to exclude these dependencies from the geographical definition of the United Kingdom.” This is something that many Britain officials may not want to be yet wanted.

A number analysis Asymmeters of US-UK trade with HM’s income and customs do not seem to resolve this issue.

Until 2022, the US Customs Item, which was cleared by the EU, was considered European imports before coming to the United Kingdom. Makes this more difficult to compare with US data.

“This explains the negative assimetria,” said the analysis.

The study refers to negative asymmeters when exports of US vehicles to the UK are greater than the import of the United Kingdom from the United States.

Since 2022, the import of Britain from the United States to the UK has been compared to the export of Britain. “Instead, there is positive asymmetry in 2022, which is not possible to explain,” the analysis concluded.