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Guardian
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Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiation | Gaby Hinsliff
- A trade deal has been reached between Britain and the US, easing arbitrary tariffs on cars, steel, and aluminium, although it falls short of a complete trade deal.
- The terms of the agreement could potentially save thousands of jobs at risk due to Trump's threats.
- UK seems to have retained its digital services tax on US tech companies, and British farming has been spared from certain US practices like chlorine-washed chicken and hormone-injected beef.
- The trade deal has been likened to a VE Day victory, with Keir Starmer emphasizing the UK and US standing 'side by side.'
- However, the deal seems more like a hostage negotiation, with Trump expecting concessions in exchange for economic stability.
- The deal includes no relief on the 10% tariff on British exports to the US, potentially affecting industries like whisky, salmon, and cars.
- Trump's aggressive trade policies could lead to economic challenges for Americans and other countries with trade imbalances with the US.
- The deal may give British firms exporting to the US an advantage, but the uncertainty caused by Trump's actions remains a concern for businesses.
- While financial markets may respond positively, there are fears that Trump's approach to trade deals could continue to cause disruptions in global trade.
- The article criticizes the unconventional tactics employed by Trump in trade negotiations and warns about the repercussions of rewarding his economic aggression.
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