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None of the deal makes any sense to me. He didn't removed the 10% tariff on UK imports. He just told the UK that they should buy more US cars and US beef, but US beef doesn't meet UK health standards and US cars are too big for UK roads.
US citizens are paying higher taxes on imports from UK and UK citizens are paying lower taxes on imports from the US.
The fact that
and
are both unable to open their mouths without lying doesn't fill me with confidence
Also why would we buy Boeings which aren’t airworthy, when we have involvement in Airbus?
That seems like the only portion of the deal where the UK got the short end. Though, according to Lutnick, the Rolls Royce engines in Boeings (made in the UK) will now be exempt from tariffs so the UK gets some benefit from that too.
Opening the market to agriculture should have minimal impact unless US farmers are going to start meeting UK and European standards which is unlikely. I doubt the overhead would be worth it.
10% tariff on cars is not ideal but only 15% of UK car exports go the US. Sales will be impacted in the US no doubt, but this is far from catastrophic. May even be an oppurunity to expand into other markets.
Overall impression from this is that the US administration doesn't know what it's doing.
Having increased access to a market does not guarantee revenue. There needs to be actual demand for US goods (there isn't in many of these cases) and US goods need to meet local regulatory guidelines (they don't in the case of beef) for this to be a profitable agreement for the US.
I know Trump thinks America is a luxury store but oversized cars and chlorinated meats, no matter how luxurious, are not practical or desirable in every market.
This is starting to look like peak neoliberal (free and open markets solve all) and neocolonial (coercion via economic force) brain rot coming to fruition.