11-05-2025, 08:38 AM
The US-UK trade deal is a bad deal for UK
11-05-2025, 08:40 AM
What we do know is:
So, we can conclude:
And all that to leave us in a worse position than we were in on 1 April.
- The 10 per cent tariff Trump imposed in April remains in place
- Tariffs are reduced on steel, aluminium and cars.
- The UK has to accept US beef, ethanol and other products.
- We may have increased US access to the NHS and other public services.
So, we can conclude:
- The UK gave away a lot to avoid a threat of tariffs on British-made luxury cars.
- So far, we have avoided giving away Digital Services Tax revenues, but it seems likely that is still on the table.
- It is likely that the competitive position of UK-based suppliers to the UK government has been harmed.
- The protection of British agriculture and the quality of our food has been undermined.
And all that to leave us in a worse position than we were in on 1 April.
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