UK Trade Minister Kyle says the deal negotiated with the US still stands
The UK Trade Minister's reaffirmation of the trade deal with the US signals ongoing commitment despite potential challenges.
NYT Opininon Piece says Trump's new tariffs are illegal too; notes "A Section 122 “payments problem” involves a flight from the U.S. dollar. At the moment, no such problem exists."
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UK Trade Minister Kyle says the deal negotiated with the US still stands
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- Still aspire to a comprehensive trade deal.
- To get such a deal, you need two partners "who want it".
- Believes tariffs are a lose-lose.
His emphasis on the necessity of reciprocal desire for a comprehensive agreement and the belief that tariffs are detrimental may indicate a push against protectionist measures. This could ultimately influence market sentiment around UK-US relations and trade flows, impacting currency and equities related to trade-sensitive sectors.
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