The article discusses the limited economic significance of a bilateral trade agreement between the UK and the US, estimating a mere 0.07% GDP growth in the long term. It critiques the overly optimistic views of Brexit proponents regarding the transformative potential of such a deal, particularly in light of Donald Trump's protectionist policies. It urges Britain to pursue trade talks to address current tariffs but warns of potential UK concessions in sensitive areas, highlighting ongoing challenges in global trade dynamics and the reliance on unreliable US negotiations.
While a trade deal with the US seems attractive, its actual economic impact on the UK is minimal, as historical projections suggest a mere 0.07% GDP growth.
Trade negotiations may hinge on significant UK concessions in sensitive sectors, including agriculture and digital regulation, reflecting the complex dynamics of post-Brexit discussions.
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