American President Donald Trump has reached a trade deal with the United Kingdom — the first of dozens of countries against which Trump initially declared a trade war, and then put it on a three-month pause for negotiations on concessions, BBC news reports.
Trump called the agreement 'complete and comprehensive,' however, economists and experts warn that this is merely a quick deal with him personally, not a trade agreement between countries — such documents are negotiated for years and approved by parliaments.
They remind that Trump easily tears up even truly comprehensive trade alliances, and therefore the deal announced on Thursday has more of a symbolic and political nature rather than an economic and trade one.
It allows Trump to assert that his trade war is yielding dividends for America, and countries are lining up one after another for leniency. For the British authorities, on the other hand, the political benefit will come from the fact that they were the first to reach an agreement with Trump, although the price of this agreement has not yet been announced. #BTCBreaks99K