Source: Cato Institute
by Scott Lincicome
“Last week, the Trump administration announced a ‘historic trade deal’ with the United Kingdom. If by this the White House meant that the agreement is the first instance of a country reaching a deal to get out of President Donald Trump’s worldwide ‘Liberation Day’ tariffs, then yes — it is, technically, historic. In colloquial terms, however, the only historic thing about this agreement is its flimsiness. If the U.K. deal is a model for deals yet to be struck with other nations, Trump will have little to show for the chaos and disruptions that his tariffs have unleashed — especially when compared with what America could have had instead.” (05/14/25)
https://www.cato.org/commentary/what-uk-deal-reveals-about-trumps-trade-strategy