Commentary

What the City must do to thrive under Trump 2.0

The ‘special relationship’ between the UK and US is under threat. But the City has a unique opportunity to preserve its position as a global financial services hub

Even if the UK escapes direct tariffs, the cumulative impact of a more inward-facing US and punitive tariffs against other countries will hurt
Even if the UK escapes direct tariffs, the cumulative impact of a more inward-facing US and punitive tariffs against other countries will hurt Photo: iStockphoto/Getty

Michael Pedroni is chief executive of Highland Global Advisors. He is a former chief global affairs officer at US asset management trade body the Investment Company Institute

The arrival of Trump 2.0 offers the UK an opportunity to go back to go forward. Because one thing has become immediately clear: a ‘special relationship’ is no longer in Washington’s vocabulary.

WSJ Logo