UK-US Trade Deal Thoughts?
What do people on the street make of this? Don't see it anything more than a political, 'non-agression' pact. UK auto tariffs at 10%, steel tariffs zeroed and looking like no or little pharmaceutical tariffs. The steel tariff won't be thought of as a huge deal, but imo as the UK and Europe has to re-arm (the UK has a declining steel manufacturing base), that should be some welcome news. Looks like both Trump and Starmer understandably will heil this as a political win, yet the economic benefit from this deal looks to be subdued
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