UK Trade Policy Forum 2026

How much does trade matter?

Tuesday 24th February 2026

One Great George Street, Westminster, London SW1P 3AA

The UK Trade Policy Forum is an annual one-day event that brings together the UK’s trade policy community - policy actors, civil society, academics, the media and the private sector – to discuss all things trade and trade policy.

The Forum is a unique place to explore the determinants, trade-offs and direction of various policy positions, different stakeholders’ policy concerns and to learn about the latest academic thinking on key issues. It is our aim that the Forum will facilitate the sharing and deepening of knowledge, collaboration and the exploration of new possibilities for UK trade policy. All sessions provide ample time for question-and-answers to enable open discussion and sharing of views.

Instability in trade flows, trade rules and trade institutions has given rise to a real-world experiment on how much open international trade matters, and how specifically it matters – to governments, to consumers, and to global economic stability. It is ever more important to understand the interconnections between trade policy and macroeconomic stability, as tariff uncertainty creates currency volatility, stock market fluctuations and shifts in capital flows. At the same time, attitudes about trade liberalisation are increasingly polarised, deepening the challenge of how, and what, to communicate about trade policy.

As trade policy becomes more explicitly entwined with other foreign policy and macroeconomic challenges, trade policy experts and practitioners must upskill in our ability to understand, analyse, and communicate about these intersections. This year’s UKTPF will provide reflection, from diverse perspectives, on the question of how much open international trade matters. The sessions will be led by experts who straddle traditional divides: trade, macroeconomics, finance and public opinion.

This event will be held under the Chatham House Rule.

Please register to attend via the form at the bottom of the page.

Programme

Registration

08:45 - 09:10

Please be seated by 9:10

Welcome

09:10 - 09:30

Telford Theatre

Emily Lydgate and Michael Gasiorek (CITP)

Keynote

09:30 - 10:05

Telford Theatre

Chair: Emily Lydgate (Deputy Director, CITP)

Dimitris Valatsas (Founding Partner, Aurora Macro Strategies)

Impact of US tariffs

10:10 - 11:20

Telford Theatre

Chair: Heather Stewart (The Guardian)
Speakers: Jennifer Hillman (Georgetown), Dennis Quinn (Georgetown), Tim Figures (Boston Consulting Group)

Separating the economic impact of new US tariffs from media hyperbole and political spin can be challenging. This expert panel will offer reflections on how new and changing US tariff announcements are affecting prices and supply chains, as well as the global responses they have triggered from both firms and governments.

How to navigate trade policy uncertainty

10:10 - 11:20

Council Room

Chair: William Bain (British Chambers of Commerce)
Speakers: Nivedita Sen (World Economic Forum), Sam Lowe (Flint Global), Alejandro Graziano (University of Nottingham, CITP)

From tariffs and shifting regulatory standards to geopolitical tensions, climate disruptions, and the rise of industrial policy, uncertainty in trade policy has become perhaps the only certainty. This panel will offer views on whether and how multifaceted uncertainty can be planned for, and how it’s shaping decision-making from corporate supply chain decisions to intra-governmental cooperation on trade.

Coffee Break

11:20 - 11:45

Great Hall

Weaponising interdependence: trade and foreign policy

11:50 - 13:00

Telford Theatre

Chair: Iana Dreyer (Borderlex)
Speakers: Claire Vince (Department for Business and Trade), Kathleen Claussen (Georgetown), Mona Paulsen (The London School of Economics and Political Science)

Trade policy is increasingly being deployed as a tool of statecraft, with governments using economic interdependence not just to foster cooperation but to coerce and punish, in pursuit of numerous foreign policy objectives. From export controls on critical minerals and chips to sanctions regimes, the line between commercial policy and national security strategy is increasingly blurry. This panel examines how the weaponization of trade is reshaping global economic relations and what it means for countries caught in the crossfire of great power competition.

Lunch

13:00 - 13:50

Great Hall

Are we moving toward de-dollarisation - and if so, what will this mean for trade?

13:50 - 15:00

Telford Theatre

Chair: Jun Du (Aston University)
Speakers: Francisco Quintana (University of Edinburgh), Sambit Bhattacharya (University of Sussex), Alejandro Fiorito (The Conference Board)

The US dollar's dominance as the world's reserve currency confers privileges on America while shaping economic outcomes globally. With China, Russia, and other powers pursuing de-dollarisation strategies, could we be witnessing a decline in dollar hegemony? This panel explores what a shift away from dollar dominance would mean for global trade, financial stability, and the balance of power in the international system.

How to speak to the public about trade

13:50 - 15:00

Council Room

Chair: Ben Chu (BBC)
Speakers: Ilze Jozepa (House of Commons Library), Fiona Gooch (Transform Trade), Sophia Ostler (Fair Trade Foundation)

Did trade experts’ complacency in making the case for open international trade contribute to today's widespread public scepticism about globalisation's value? How can experts convey that trade means more than container ships and international competition between manufacturing sectors? This panel brings together leading voices to examine whether trade experts have failed to communicate trade's advantages effectively, or whether the conversation needs to fundamentally change to address legitimate concerns and chart a more inclusive path forward.

Coffee break

15:00 -15:20

Great Hall

Do trade deficits matter?

15:25 - 16:35

Telford Theatre

Chair: Mairi Spowage (Fraser of Allander Institute, CITP)
Speakers: Alisdair Smith (University of Sussex, CITP), Soumaya Keynes (Financial Times), Neil Shearing (Capital Economics)

Trade deficits have grown alongside economic liberalization and interconnected global supply chains, and President Trump has made reducing America's trade deficit a central policy objective. Yet this raises fundamental questions: What does a truly 'balanced' international trade system look like? This panel examines whether large trade deficits represent a structural problem requiring intervention, or whether attempts to forcibly reduce them will prove counterproductive given the realities of global manufacturing.

What do the public think about trade?

15:25 - 16:35

Council Room

Chair: Alan Winters (University of Sussex, CITP)
Speakers: Javier Gutierrez (WTO), George Holt (Trade Justice Movement), Amar Breckenridge (Frontier Economics)

Open trade has become one of the most politicised and polarising issues in contemporary politics, yet public attitudes on these questions are far from static. Recent polling shows that a majority of UK voters now regret the Brexit decision, suggesting that support for economic openness may actually grow when its benefits are withdrawn or threatened. This expert panel discusses the past, present and future of public opinion about trade liberalisation and trade agreements in the UK and beyond.

Trade wars and market power in a fragmenting world

16:40 - 17:15

Telford Theatre

Chair: Michael Gasiorek, (Director, CITP)

Keynote speaker: Meredith Crowley, (Professor of International Economics, University of Cambridge and CITP)

Conference close

17:15 - 17:20

UK Trade Policy Forum Organiser: Professor Emily Lydgate

Please note, email notifications will come from our website developer address - please do not reply to this.

If you have any queries please email the CITP team via info@citp.sussex.ac.uk

Speaker Biographies