After a month of US negotiations with Britain, the Donald Trump celebrates for a ‘complete and complete’ trade agreement “With our old friends” on the other side of the Atlantic.
In fact, however, he notes CNN’s analysis, what’s an unfinished US -UK trade agreement For very few species and even at the same time as the duties of the Donald Trump against all countries of the world.
But also the British Prime Minister, Star star He moved to the Trump line, talking about a “historical” agreement, a characterization that seemed to mean it.
In her analysis, however, the American columnist of CNN, Allison Morrowhe describes that “if a trade agreement is, like David of Michael Angelos, it is more like a piece of marble. Or in reality it is like a proof from Marmaras that says we have placed an order for a marble block … “.
Maybe we put the champagne back in the fridge, Morrow is very meaningful.
Hr Trump – Starmer ‘Complete and historical trade agreement’ Between the US and the UK concerns only the following four fields:
British cars: Bentley Land Rover, Jaguar, Rolls-Royce or Aston Martin would be taxed at 27.5%, but now only 10%.
Airplanes: British companies can now send airplane accessories to the US without duties. In return, British Airways is expected to order 30 Boeing 787 Dreamliner aircraft, according to Bloomberg.
Steel and Aluminum: The taxes on steel and what the British call “aluminum” will be abolished.
Beef: Both countries agreed reciprocal exports without tariffs to goods, such as beef and other agricultural products.
“A trade agreement where the details are still negotiating is not an agreement,” he said Joe BrusuelasRSM’s lead economist, explaining that “it does not provide the necessary clarity to lift the” fog “of the uncertainty created by a trade war.”
But listening to the White House announcing the bilateral trade agreement, one would say that they have just won a Nobel Prize and Gold Medal …
With a post on Truth Social, the Trump He said it was “a very big and exciting day”.
But also the Prime Minister of the United Kingdom, Star star She called her – with a lot of honesty – “historical”.
However, British analysts admit by their side that Even an incomplete deal is better than not at all agreement.
OR Wall Streetsimilarly, does not allow perfection to become ‘Enemy of good’. The shares recorded a rally in the US, as investors – who were thirsty for any indication that Trump would retreat to the trade war – “embraced” the White House’s optimism.
It took over a month to unfold this “huge nothing” with one of our closest allies, who represents only 3% of the total US trade, confessed to CNN the Justin WolfersProfessor of Economics at the University of Michigan.
All this is not a good omen for the thousands of US companies that today “paralyze” of duties 145% of Trump to most imports from Chinathe third largest trading partner in the US.
American and Chinese envoy They are going to meet this weekend (10.05.2025 – 11.05.2025) in Geneva. But US officials do not even suggest that there will be a trade agreement – the best hopes for Trump Finance Minister, Scott Bessed It is a “declining”.