Transatlantic Greater Birmingham

Transatlantic Chamber of Commerce

The Greater Birmingham Transatlantic Chamber of Commerce is committed to promoting trade and investment between the US and the UK

Contact: Lauren Hunt T: 0845 603 6650

Transatlantic Chamber Patrons

Major investment summit set for States

Greater Birmingham businesses interested in boosting their presence in the United States can apply to join a UK delegation to the SelectUSA 2019 Investment Summit in Washington DC. The SelectUSA Summit, hosted by US

secretary of commerce Wilbur Ross attracts 3,000 senior business and government executives, including 1,000-plus high-calibre international attendees from more than 65 global markets. All 50 US states and territories are

represented, as well as many municipal governments. The SelectUSA Summit is the US

government’s premier event designed to help executives get started on business deals by connecting with US economic development organisations, relevant service providers and other executives and government officials. Past Summits have included the participation of the US president, as well as the US secretaries of commerce, state, treasury, agriculture, labor and the US trade representative. This year the event will feature sessions

on advanced manufacturing, life sciences, digital economy, aerospace and commercial Space, and food, beverage and agriculture sectors. In addition, there are more than 22 spin-

off events in various US cities that will feature over 20 different industries. The Greater Birmingham Transatlantic Chamber of Commerce attended the launch of the summit at the US embassy, with US ambassador to the UK, Robert ‘Woody’ Johnson, welcoming guests including Transatlantic Chamber manager Lauren Hunt and key partners including RSM. Ms Hunt said: “Our presence at the

SelectUSA Investment Summit launch further cemented the Transatlantic Chamber’s relationship with the US Embassy.”

US tariffs could have knock-on effect in UK

President Trump’s proposals to impose $11bn tariffs on the European Union could have knock-on effects for Britain even in the event of a no-deal Brexit, according to researchers. David Hearne, Researcher at Birmingham City

University’s Centre for Brexit Studies, has warned that even if Britain exits the EU without a deal, the US could still ask the World Trade Organisation for remedies against the UK, as the subsidies for Airbus will still have been partly paid by the country. He said: “As the UK’s aerospace sector has

benefitted from these subsidies, it is natural that any remedy would take that into account. “Indeed, since the subsidies were in part

provided by the UK, the US could opt to go the World Trade Organisation to seek remedies against the UK directly were the country to leave the EU without a deal. “While it is uncertain exactly how the WTO

would rule in these circumstances, it certainly poses a danger that the UK could face similar sanctions to those being proposed for the EU, despite having exited the Union. “Of course, it’s worth stressing that in the

event of such an eventuality, US tariffs are likely to be the least of our worries.

‘The UK could face similar sanctions to those being proposed for the EU, despite having exited the Union’

“There is a very real risk that in the event of a

no-deal Brexit, where the UK ceases to be under the aegis of the European Aviation Safety Agency and cross-continental supply chains are threatened, there might eventually cease to be any Airbus operations within the UK to levy tariffs against.” Hearne also noted that while the EU had subsidised Airbus, the EU could itself seek retaliatory action against the US, which had itself been found guilty of unfairly subsidising Boeing in the past. He said: “Where the EU has subsidised Airbus,

the US has also been found guilty of unfairly subsidising Boeing in the past. “It is likely, that the EU will seek to bring

retaliatory action. In the past this has held tariff escalation from both parties in check, although the Trump administration has a reputation for disregard of the rules when it comes to trade.”

Transatlantic Conference speakers are announced

RSM’s chief economist Joe Brusuelas and Brexit lead Simon Hart will address this year’s Transatlantic Conference in Birmingham. The high-profile duo are returning to

the conference which takes place at the Royal Birmingham Conservatoire on 27 June. Mr Brusuelas (pictured) specialises

in analysing the US monetary policy, labour markets, fiscal policy, economic indicators and the condition of the US consumer. Prior to joining RSM in 2014, he was a senior economist at Bloomberg, LP and the Bloomberg


Briefs newsletter group. As co-founder of the award-winning Bloomberg Economic Brief, he was named as one of the 26 economists to follow by the Huffington Post. Simon is RSM’s Brexit partner. He

leads RSM’s analysis and commentary keeping clients up to date with the latest developments that may affect their businesses as well as briefing RSM staff, both in the UK and

internationally. He has travelled around the UK and Europe

sharing and gaining insights on critical areas affecting the UK middle-market, particularly

For more information on tickets and sponsorship opportunities, contact Lauren Hunt on

Brexit related strategic business planning, talent and people matters and the potential trade and regulatory change impacts middle market businesses need to be aware of. Tickets for the conference are now on sale. The event will welcome chapters of the BritishAmerican Business network from across the UK, United States and Canada. Tickets are priced at £75 for Chamber members and £100 for non-members.

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