Conservative MP Jacob Rees-Mogg: “Trading with the EU on WTO terms would work well for the UK and allows us to achieve Brexit sooner.” Photograph: PA Wire

Brexiters see the World Trade Organisation as their best hope for a clean break from the European Union. Maybe it is. But it’s not a very good one. (...)

Eventual tariffs on autos could hit companies including Korea’s Hyundai Motor, Japan’s Toyota and Germany’s BMW, as well as global factories for US brands General Motors, Ford Motor, and Fiat Chrysler

Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by US president Donald Tr(...)

Austrian chancellor Sebastian Kurz and Britain’s prime minister Theresa May shake hands prior to a meeting in the hotel Sacher in Salzburg, Austria on Friday. Photograph: Kerstin Joensson/AP.

British prime minister Theresa May has received a boost after Austria agreed that Brexit would be among the topics for discussion at an informal meeti(...)

UK airlines fly to the US under the so-called Open Skies deal. There can be no guarantee that the US will agree to replicate the terms of this for UK airlines post-Brexit

Sometimes you wish you had never started something. Taoiseach Leo Varadkar’s comments on planes not flying after Brexit and some follow-up commentary (...)

Nato and trade: President Trump’s increasing demands have shown the true resilience of the European Union.  Photograph: Sean Gallup/Getty

“The times in which we could rely fully on others – they are somewhat over,” Germany’s chancellor, Angela Merkel, reflected ruefully after Donald Trum(...)

Chief EU negotiator for Brexit Michel Barnier: has gently demolished Theresa May’s Chequers proposal. Photograph: John Thys/AFP/Getty

One of the most tumultuous fortnights in recent British political history ended on Friday with Theresa May doubling down on her opposition to the EU’s(...)

If there is a no-deal Brexit,  Britain will leave the EU and all its accompanying regulations and treaties,  including in the area of air travel. Photograph: Aidan Crawley/ Bloomberg

For many in the aviation industry and in Europe, the Taoiseach’s comment that UK planes “would not fly” in the event of a no-deal Brexit was nothing m(...)

US president Donald Trump and Chinese president Xi Jinping. Photographs: Jim Lo Scalzo/Filip Singer/EPA

The prospect of a full-blown trade war grew on Friday after Angela Merkel warned of the economic damage of US tariffs even as Donald Trump said he was(...)

The IMF estimated that economic growth across the EU would fall by as much as 1.5 per cent by 2030 should Britain fall back on WTO rules for trading with the bloc after Brexit.

A no-deal Brexit could reduce Irish economic output by nearly 4 per cent in the long term, estimated to cost more than 50,000 jobs, the International(...)

European Council president Donald Tusk and Chinese premier Li Keqiang attend a ceremony at the Great Hall of the People in Beijing, China. Photograph: Thomas Peter/Reuters

US president Donald Trump, Russian president Vladimir Putin and China have been urged to work with Europe to avoid trade wars and prevent “conflict an(...)

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