torsdag 8. mai 2025

One trade ‘deal’ done, 199 to go

President Donald Trump has finally gotten his first trade deal doneWell, not quite a “deal,” per
se. More like a concept of a plan: a framework for negotiations between the United States and the United Kingdom that will take place between the two countries over the next several months or years … to hammer out a potential future trade agreement … that may or may not ultimately prove more beneficial to the United States than the existing trade situation.

But a win’s a win, and this is a big win for Trump. The agreement with the UK also gives other world leaders a reason to hope that other deals can rescue the global economy from the abyss, providing a framework for future negotiations.

Asked whether the deal is an improvement on the trading relationship of six months ago, before Trump took office, British Prime Minister Keir Starmer replied Thursday: “The question you should be asking is: Is it better than where we were yesterday?”