The US president called it a “very big deal”. The UK prime minister said it was “fantastic, historic” day. For sure, Keir Starmer and his team will have been delighted that the UK was first in line to negotiate adjustments to Donald Trump’s sweeping tariffs announced on “liberation day” just a few weeks ago. But what might the trade deal between the UK and US actually mean? We asked four economic experts to respond to the Oval Office announcement.
Wins for the UK are real, but limited
Maha Rafi Atal, Adam Smith Senior Lecturer (Associate Professor) in Political Economy, University of Glasgow