The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it will achieve. The agreement will open up the British market to American beef, ethanol, and other agricultural products, the White House said. It will also allow British cars and steel better access to U.S. consumers. The pact provides some support for President Donald Trump’s arguments that his steep tariffs could lead to agreements that open up overseas markets. But economists’ initial reactions were cool, with many noting that the United Kingdom isn’t a large enough trading partner for the U.S. to really move the needle for the U.S. economy.
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