Getty images
The trade agreement has been warmly suggested by President Donald Trump should help isolate the United Kingdom from the direct impact of global trade tensions.
He reports that the White House has accepted the statistical logic that the United States and the United Kingdom have a balanced commercial position.
Essentially, each country exports roughly the same amount of goods to each other. Indeed, rather usefully, according to American figures, it exports more.
There is no general case that the United Kingdom is, in the words and logic of the president, “tore” or “kiss” the United States, as he suggested by many other countries and the EU.
Thus, an agreement to avoid additional commercial barriers concerns cards.
But it is not the larger American free trade agreement to reduce almost all existing prices, which has been the subject of so many debates in the Brexit era.
It is important to remember that the wider agreement has never been properly prioritized by Trump’s own team because, as they told me, they never really believed that the United Kingdom would find in its interest in making the necessary breakdown of the EU.
It is difficult to see that the British government would like to further worsen farmers, or its own base, by putting American agricultural imports or the prices of the NHS on the table.
In addition, on the trade in goods, the government already favors its “reset of Brexit” – an agreement of food standards and certain customs agreements to lower new trade barriers with the European Union. Revealing, the senior official of this negotiation was in the oval office.
The “narrower” Deal Economic Deal, as called Sir Keir Starmer, focuses on technology and what the United Kingdom has called “the additional integration of the technological sectors of our two countries”.
The best analogy may be that the technological expertise organized in the London-Oxford-Cambridge triangle could become for a Silicon valley based on AI, which the financial city of London has become to Wall Street in New York. The fact that the vice-president and Big Tech Ally JD Vance directs part of the American negotiation is essential here.
This strategy will have consequences. Trump’s team is already reduced against digital services taxes.
The UK digital services tax was introduced in 2020 and requires a 2% burden on income made by large technological companies carrying out social media, internet search engines or online markets.
While the 700 million pounds sterling at 1 billion pounds sterling per year, it increases in the United Kingdom is a small beer, because the United Kingdom and France have introduced success to Big Tech income, many other countries have followed suit.
The White House wants to “stop contagion”, which could mean persuading the United Kingdom to reduce or abolish it. Chancellor Rachel Reeves recommended that it goes from 2% to 12% only four years ago.
Likewise, the vice-president of the oval office said that American technological companies were unjustly affected by what he called “freedom of expression” problems.
This seems to be a reference to the online security law. This aims to ensure that social media societies and search engines protect children and adults in the United Kingdom against illegal and harmful equipment, although some have argued that this may suffocate freedom of expression online. My understanding is that, at the moment, movement can be less likely here.
Getty images
The price will be integration into the massive investments of the best capitalized technological companies in the world.
Could the United Kingdom began to attract some of the lost investments against Dublin, for example? Would the EU take a step back and allow the United Kingdom to develop as an offshore hub so that American technological companies maintain all of Europe?
There are two other important problems. It is not known that hot words in the oval office are somewhat contradicted by actions shortly after. While sitting next to the Prime Minister, President Trump described the use of VAT as a commercial restriction, apparently ignoring that the United Kingdom does exactly the same.
And even if this avoids the new direct prices of President Trump, the open British economy would be affected by any large -scale trade war involving most G7 and other countries.
It’s always on the cards. Not only would this collapse global growth and again increase inflation, but could completely upset the functioning of the World Trade Organization.
The PM says that the United Kingdom does not have to choose between the United States and other allies, but it may appear to them.
The strategy seems to become Switzerland of the world economy. Neutrality in a world of commercial turmoil, not so sitting on a fence, but on Pointe des feet the Pointe de la Pointe de la Pointe de La Pointe de la Pointe de la La Pointe de la lame.
