The UK and the EU are set to thrash out their differences over the implementation of the Northern Ireland Protocol.
Brexit minister Lord Frost and Maros Sefcovic, the European Commission vice president, will meet on Wednesday after the latter suggested the EU is finding it hard to trust the UK following its departure from the bloc
Mr Sefcovic said there have been “numerous and fundamental gaps in the UK’s implementation” of the two sides’ trade deal and that the EU will act “firmly” if the UK does not agree on deadlines for complying with its obligations.
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Many suppliers in Britain ‘have chosen to stop supplying to Northern Ireland’
What is the Northern Ireland Protocol?
It is a crucial part of the Internal Markets Bill, which was drawn up to ensure trade between all four UK nations remains barrier-free after the Brexit transition period ended on 31 December 2020.
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The Northern Ireland Protocol was put in place to avoid the introduction of a hard border between Ireland and Northern Ireland in the event of a no-deal Brexit.
It states that Northern Ireland will remain part of the UK’s customs territory – so if the UK signs a free trade deal with another country, Northern Irish goods would be included.
However, Northern Ireland will have to stick to some EU rules to allow goods to move freely into the Republic.
Goods moving from the rest of the UK to Northern Ireland will not be subject to a tariff unless they are “at risk” of being moved into the EU afterwards.
Mr Eustice said in 2020 there would need to be “some checks on some goods” and “some customs processes but not customs checks” at the border with the Republic.
Goods coming from Northern Ireland to Great Britain can have “unfettered” access, the Internal Market Bill says. This means goods sold in Northern Ireland will be accepted everywhere else in the UK, but the reverse may not be true.
Image: The Northern Ireland Protocol was meant to prevent a physical border on the island of Ireland
What has happened since the Brexit transition period ended?
Products from Great Britain entering Northern Ireland have had to undergo EU import procedures at the ports.
An Irish Sea border has effectively been imposed in an effort to prevent a physical border between Ireland and Northern Ireland.
This has resulted in delays and sometimes sparse supermarket shelves.
Image: Checks imposed at the port in Larne, Northern Ireland, have not been popular
What are the UK and EU disagreeing over?
Under the protocol, a ban will come into force if the UK and EU cannot agree on new regulatory standards to cover the sale of some products after a “grace period” allowed under the agreement.
In March, the UK unilaterally extended the grace period for supermarket goods and parcels for another six months, after it was due to finish at the end of that month.
The EU launched legal action against the UK for extending that grace period.
Image: The UK promised there would be no sea border
It is understood British ministers are now considering a unilateral extension for chilled meats, including sausages and mince, which is due to end on 30 June.
After the grace period, chilled meats produced in Great Britain will not be allowed to be sold in Northern Ireland as they are not from the EU, which has strict restrictions on food products.
Mr Sefcovic said retaliation by the EU would be so extreme it would ensure the UK “abides by its international law obligations”.
Boris Johnson‘s spokesman said there was “no case whatsoever” for blocking the sale of chilled meats.
Image: British sausages have been the focus of the latest disagreement
Lord Frost claims the EU has been “inflexible” over the protocol, something the EU rejects.
The EU has said the UK could align with its animal health and food safety rules to remove the need for 80% of the current Irish Sea customs checks.
But the UK has rejected this, as it says it will tie Britain’s hands in trade negotiations with other countries.
The UK has also accused the EU of failing to engage with its own proposals, especially with the issues people in Northern Ireland are facing.
Tulip Siddiq has told Sky News her “lawyers are ready” to handle any formal questions about allegations she is involved in corruption in Bangladesh.
Asked whether she regrets apparent links with the Bangladeshi Awami League political party, Ms Siddiq said “why don’t you look at my legal letter and see if I have any questions to answer… [the Bangladeshi authorities] have not once contacted me and I’m waiting to hear from them”.
Lawyers acting for Ms Siddiq wrote to the Bangladeshi Anti Corruption Commission (ACC) several weeks ago saying the allegations were “false and vexatious”.
The letter said the ACC must put questions to Ms Siddiq “by no later than 25 March 2025” or “we shall presume that there are no legitimate questions to answer”.
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Staff from the NCA visited Bangladesh as part of initial work to support the interim government in the country.
In a post online today, the former minister said the deadline had expired and the authorities had not replied.
Sky News has approached the Bangladeshi government for comment.
The allegations against Ms Siddiq are focused on links to her aunt Sheikh Hasina – who served as the prime minister of Bangladesh for 20 years.
She is accused of becoming an autocrat, with politically-motivated arrests, extra-judicial killings and other abuses allegedly happening on her watch. Hasina claims it’s all a political witch hunt.
Ms Siddiq was found to have lived in several London properties that had links back to the Awami League political party that her aunt still leads.
She referred herself to the prime minister’s standards adviser Sir Laurie Magnus who said he had “not identified evidence of improprieties” but added it was “regrettable” Ms Siddiq had not been more alert to the “potential reputational risks” of the ties to her aunt.
Ms Siddiq said continuing in her role would be “a distraction” for the government but insisted she had done nothing wrong.
Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.
Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August 2021 when he resigned as New York overnor, Bloomberg reported on April 2, citing people familiar with the matter.
“He spoke with company executives regularly and counseled them on how to respond to the criminal investigation,” Bloomberg said.
The Seychelles-based firm pled guilty to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws on Feb. 24 and agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from mostly institutional clients.
The breaches occurred from 2018 to 2024 despite OKX having an official policy preventing US persons from transacting on its crypto exchange since 2017, the Department of Justice noted at the time.
A spokesperson for Cuomo, Rich Azzopardi, told Bloomberg that Cuomo has been providing private legal services representing individuals and corporations on a variety of matters since resigning as New York governor.
“He has not represented clients before a New York city or state agency and routinely recommends former colleagues for positions,” Azzopardi added.
OKX reportedly wasn’t willing to comment on its relationships with outside firms.
Cuomo also influenced OKX to make executive appointments: Bloomberg
Cuomo, who is now running for mayor of New York City, also advised OKX to appoint his friend US Attorney Linda Lacewell to OKX’s board of directors, Bloomberg said.
Lacewell, a former superintendent of the New York Department of Financial Services, was added to the board in 2024 and was named OKX’s new chief legal officer on April 1, according to a recent company statement.
After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the issues stemming from the federal probe and bolster its regulatory compliance program.
“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies,”OKX CEO Star Xu said in a Feb. 24 X post.
United States President Donald Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.
The reciprocal levies on will be approximately half of what trading partners charge for US imports, Trump said. For example, China currently has a tariff of 67% on US imports, so US reciprocal tariffs on Chinese goods will be 34%. Trump also announced a standard 25% tariff on all automobile imports.
Trump told the media that tariffs would return the country to economic prosperity seen in previous centuries:
“From 1789 to 1913, we were a tariff-backed nation. The United States was proportionately the wealthiest it has ever been. So wealthy, in fact, that in the 1880s, they established a commission to decide what they were going to do with the vast sums of money they were collecting.”
“Then, in 1913, for reasons unknown to mankind, they established the income tax so that citizens, rather than foreign countries, would start paying,” Trump said.
Full breakdown of reciprocal tariffs by country. Source: Cointelegraph
Trump presented the tariffs through the lens of economic protectionism and hinted at returning to the economic policies of the 19th century by using them to replace the income tax.
Trump proposes eliminating federal income tax and replacing it with tariff revenue
Trump proposed the idea of abolishing the Internal Revenue Service (IRS) and funding the federal government exclusively through trade tariffs while still on the campaign trail in October 2024.
US President Donald Trump addresses the media about reciprocal trade tariffs at the April 2 press event. Source: Fox 4 Dallas
The higher range of the tax savings estimate will only occur if other wage-based taxes are eliminated at the state and municipal levels.
Commerce Secretary Howard Lutnick, who assumed office in February, also voiced support for replacing the IRS with the “External Revenue Service.”
Lutnick said that the US government cannot balance a budget yet consistently demands more from its citizens every year. Tariffs will also protect American workers and strengthen the US economy, he said.