Trade Deals & Tariffs: Uncle Sam's Global Poker Game Gets Messier
Key Points
- The recent U.S.-U.K. trade deal is more show than substance,...
If diplomatic achievements were measured in hot air, the latest U.S.-U.K. trade deal would power a small nation. Atlantic Container Line's CEO Andy Abbott hit the nail on the head, calling it "smoke and mirrors" - proving once again that not all that glitters in international trade is tariff-free gold.
Britannia Rules... But Not Really While British luxury cars and American corn farmers might be popping champagne, the rest of us are still stuck with that pesky 10% baseline on British imports. It's like getting a discount at a designer store only to find out it applies exclusively to socks...
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