Trump details 'most exciting part' of China trade agreement
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Trump announces a trade agreement with the United Kingdom, although details are still months away from being finalized and the 10% tariffs remainWashington celebrates that "it has been possible because we blew up the whole system," while London considers it a "start," but not the end, and resists accepting a relaxation of phytosanitary standards.
Final details are under wraps but Trump promised the deal provides billions of dollars in access for U.S. agricultural products like beef and ethanol.
2don MSNOpinion
The United States is settling for a tiny fraction of what it could have achieved through traditional free-trade agreements.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
The U.S. has a $12 billion trade surplus with the United Kingdom, meaning it already exports more than it imports. Meanwhile, the baseline 10% tariff Trump announced April 2 will remain in effect for most U.K. imports, which could lead to higher prices for consumers.
Fog in channel, Continent cut off,” is a very old joke about an alleged British newspaper headline regarding weather over the English Channel. Even a brief visit to the British
The president said he’s reached a “conclusive” and “comprehensive” trade deal with the U.K. Reality suggests otherwise.
China has criticised a trade deal between the United Kingdom and the United States that could be used to squeeze Chinese products out of British supply chains, the Financial Times reported on Tuesday.
Although the White House called the trade deal a 'milestone,' U.S. officials also described it as merely the 'end of the beginning' of talks involving the trade relationship with Britain.
Hailed by Britain’s prime minister in superlatives, the deal opens up significant opportunities. Its success will depend on what comes next.