According to experts, the transaction announced on Thursday is rather a symbolic and political feature than economic and trade.
The United States concluded a trade agreement with the UK, which was the country’s first agreement against Donald Trump first announced a trade war, and then put it on a three -month pause for concession negotiations. Trump called the “whole and comprehensive” agreement, however, economists and experts warned that we were just talking about a quick transaction with him personally, and not about a trading contract between countries – such documents were agreed for years and approved by parliament.
Without details
Experts remember that Trump is easily in tears even with truly comprehensive trade unions, and therefore the transaction announced on Thursday is rather a symbolic and political characteristic than economic and trade.
It allows Trump to argue that his war on trading brings dividends to America, and the countries have lined up in the queue for lenients alone. British authorities, on the other hand, will bring political benefits to the fact that they were the first to agree with Trump, though the price of this agreement was not announced.
The details of the agreement have not been announced, and it is not yet clear whether the new trading conditions will be useful in Britain, and therefore, compared to what -it does not matter that they are in front of Trump, or to the terrible ones they have become an import fee of 10%against all British goods, and feeding vehicles and steel with 25%.
Importing duties will be paid by the Americans, but will make the goods more in Britain and therefore reduce demand for them. Trump believes it will revive the American industry, increase budget revenues and reduce trade lack of trade in the US. Economists are warning that his trade war will bother the American and the world’s economy.
Trump tactics
The first transaction, within the framework of a 90-day pause, will partially releasing the voltage to financial markets, recognizing Trump’s trade war with a huge sales in the hope of the crisis.
However, relief is limited, as negotiations with the main trading partner – China – only starting this week and promises difficult, as China still responds strictly to all Trump attacks and will not make any concessions, until the United States has been lifted by prohibited tariffs for Chinese goods.
And even though transactions are completed in all countries, the main carpet fee for all imports in the United States is 10%, likely to remain to undermine trade, spread inflation and reduce business and population income, economists warned.
Yes, and Trump’s “transactions” are passing by.
There is a huge difference between trade transactions and trade agreements.
Trade transactions are limited, short -term and often superficial. Trade agreements are comprehensive, long -term, large and requires approval of Congress.
The main risk of the transactions is Trump himself, Ecipe Research Center expert David Henig, who represents Britain in the United States trade negotiations at the first time Trump.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.