Last week, Donald Trump claimed a convincing win over his Democratic rival Kamala Harris in the race to become the next US President, and his Republican party also retook control of the Senate.

Host Felix Thompson is joined by GTR senior reporter Jacob Atkins to discuss the President-elect's promise of "obnoxious" tariffs and how these measures are set to upend global trade.

They also consider the impact of Trump's electoral win on negotiations within the OECD Arrangement on Officially Supported Export Credits, as members prepare to discuss a proposal from the European Union to ban the export financing of oil, gas and coal supply chains.

In recent years, banks have been closely watching to see if regulators in the EU, UK, and US would impose higher capital requirements on trade finance products like standby letters of credit and guarantees.

In a significant win for trade finance providers, the Bank of England has recently abandoned its proposal to raise capital requirements for key trade instruments. The decision came after the Bank received compelling data indicating that the original plans were overly conservative.

On the latest episode of the GTR News Brief, senior reporter Jacob Atkins discusses why the central bank took this decision and the implications for the trade finance sector.