4.6 • 2.7K Ratings
🗓️ 9 May 2025
⏱️ 11 minutes
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0:00.0 | This is CBSI on the world. I'm John Batchel. Chris Regal, CEO of Scholar.com, a global technology firm, |
0:11.6 | joins me to comment on tariffs, yes, around the world. Chris has business on all the occupied continents, |
0:18.8 | and he is in Europe, the U.K. version of Europe. |
0:23.7 | And that is a propitious moment for the headlines. |
0:27.3 | Trump to announce trade deal. |
0:28.8 | Well, he announces it with U.K., first since imposing tariffs. |
0:34.5 | And EU unveils a plan to hit back at the U.S. if negotiations fail. |
0:39.8 | I'm reading the New York Times headlines, which are decidedly often on the other side of the fence for Mr. Trump. |
0:48.1 | So I note that the F.T, that would be the London headlines, the most conservative, also celebrate the deal with the UK, |
0:58.2 | not a profound deal. At the same time, the Bank of England has cut rates by a quarter point, |
1:03.9 | which is something of a surprise. So it might be that the UK economy is a boutique and doesn't |
1:10.3 | represent the rest of the continent. |
1:12.6 | We'll start there with Chris and then we'll head immediately to China because that's the |
1:17.0 | big conversation this weekend in Switzerland. Chris, a very good evening to you. |
1:23.3 | Passing through the UK and your travels, does it appear that the economy is ready to recover, |
1:29.6 | as Labor says, and that this announcement of a tariff deal will bolster the British economy, |
1:37.4 | or are they still struggling with the questions that have not been answered in Rachel Reeves' budget? |
1:43.9 | Good evening, too. Good evening, too. |
1:45.6 | Good evening, John. |
1:46.7 | Things in the UK seem to be in pretty good sorts. |
1:50.0 | That being said, the United Kingdom was smart to try to get out early in front of a deal. |
1:55.5 | The EU had threatened member states not to cut separate deals, but for the EU to manage as a group the Brits being out of the |
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