The “full and comprehensive” trade deal between the US and the UK announced in a rush today by President Donald Trump and PM Keir Starmer is no such thing. As Trump admitted in his press conference, the “final details” still need to be “written up in the coming weeks”. Along with the push to get trade talks with China underway too this weekend, this rush to demonstrate progress on “deals” reveals a rising desperation within the administration to rollback tariffs before they hit GDP growth and inflation. That is still good news, however.
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