Business Economics & Policy @ Birmingham Business (@ble_bbs) 's Twitter Profile
Business Economics & Policy @ Birmingham Business

@ble_bbs

Business Economics and Policy Group, Department of Management @uob_business @unibirmingham @CoSS_Birmingham

ID: 1603998548608946176

calendar_today17-12-2022 06:21:15

212 Tweet

49 Followers

139 Following

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

Beyond levelling up: where next to revive lagging regions? With Felicia Fai & Phil Tomlinson, intro to blockbuster ⁦cssjournal⁩ special issue ‘Beyond Levelling up’ ⁦RSABlog⁩ ⁦RSA Europe⁩ ⁦Ministry of Housing, Communities & Local Gov⁩ ⁦Housing, Communities & Local Government Committee⁩ tandfonline.com/doi/full/10.10…

Business Economics & Policy @ Birmingham Business (@ble_bbs) 's Twitter Profile Photo

Sami Bensassi and Agelos Delis argue that we are leaving the shore of free trade and entering an era of unfettered mercantilism. 👇 With Trump back in the White House, the age of free trade could be coming to an end theconversation.com/with-trump-bac… via The Conversation

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

“I’ve seen several ‘I bought this before Elon went mad’ stickers on Teslas” said Bailey, who added that he has a sticker on his midnight-grey Tesla Model S expressing the same sentiment with a profane turn of phrase” great piece by ⁦Tobi Raji⁩ washingtonpost.com/business/2025/…

UK in a Changing Europe (@ukandeu) 's Twitter Profile Photo

😕 'Huge uncertainty for the industry about the rate of speed of take up' 🚘 UKICE's car industry expert Prof David Bailey reveals why demand for electric vehicles has been slow for Talk👇

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

Trump auto tariffs - a quick thread. As expected - 25% tariffs on all car imports to the US. This will have a big impact on major auto exporters to the US: Europe (including the UK), Japan, South Korea, Mexico and Canada. UK in a Changing Europe

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

The UK and EU auto industry was already being squeezed by falling sales in China, stagnant demand in Europe, and slow EV take up. It's a perfect storm for the European auto industry. UK auto already has a low volume crisis with plants operating well below capacity.

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

Cars are the UK's number one goods export to the US, at £8.3bn in the year to the end of Q3 in 2024, out of around £60bn in total UK exports to the US - or about 14% of UK goods exports to the US. Firms like JLR, Rolls Royce, Bentley, Aston Martin and MINI will be most affected.

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

The US is the UK's largest auto export market after the EU. There will be a particular impact on the West Midlands region which is the number one exporting region to the US (think JLR & Aston Martin for example) + is also the centre for components going into exported cars.

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

German brands like Mercedes, BMW and Audi will look to make more cars in the US (all have assembly operations there), which Trump hopes for. They also have Mexican operations, which appear to be caught by the tariffs.

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

A later White House clarification confirmed that components are also covered by tariffs. This will push up assembly costs in the US given the large amounts of components coming in from Mexico & Canada. US car production will be become more expensive and US car prices will go up.

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

Tesla’s recent letter to the US govt (unsigned as nobody wanted to be fired) made clear the risks to Tesla from this approach - higher retaliatory tariffs, increased component costs.

Prof David Bailey (@dgbailey) 's Twitter Profile Photo

Here in the UK, auto firms are operating well below capacity, & in some cases may be pushed below viability levels. The govt’s industrial strategy needs to spell out now how it will help the industry, including immediate short term support to keep plants open. Ben Norman

Prof. John Clancy (@johnclancy) 's Twitter Profile Photo

ICYMI Last night’s Auto Blogs from the Blackstuff by Prof David Bailey on Trump’s Tariff Tornado for the UK car industry. john-clancy.com/blogsfromthebl…

UK in a Changing Europe (@ukandeu) 's Twitter Profile Photo

‘Once again the UK government is at risk of adopting a piecemeal approach, rather than developing a longer-term strategy to tackle the fundamental structural problems afflicting the UK steel industry’ Prof David Bailey & Paul Forrest’s new blog on British Steel ukandeu.ac.uk/the-future-of-…

UK in a Changing Europe (@ukandeu) 's Twitter Profile Photo

🚨 News just in - Rachel Reeves has pledged that the government will 'play a big role' in the future of steelmaking Read our blog from Prof David Bailey & Paul Forrest on how the government has kept British Steel going for now but needs a plan for the future👇 ukandeu.ac.uk/the-future-of-…