: Trump admin live updates: Trump hails unfinished trade deal with UK

[riversedge]

Gotta love this headline.---Trump unfinished. te he.


Trump admin live updates: Trump hails unfinished trade deal with UK
https://abcnews.go.com/US/live-updates/trump-admin-live-updates-trump-threatens-100-tariff/?id=121461146


Trump and Starmer emphasized that the trade deal is not finalized.
8:57

Trump announces trade deal with UK

President Donald Trump said the deal is “so good for both countries.”
By David Brennan, Alexandra Hutzler, and Ivan Pereira


Last Updated: May 8, 2025, 12:33 PM CDT

President Donald Trump on Thursday announced a trade deal with the United Kingdom -- the first in what the White House said it hopes will be a flurry of agreements while the reciprocal tariff pause is in effect. With UK Prime Minister Keir Starmer on speaker phone in the Oval Office, the leaders conceded that they are still working out the details of the agreement.


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On the foreign policy front, Trump said on Wednesday that information about a new ceasefire and hostage deal proposal for Israel and Hamas could come in the "next 24 hours." The administration said it is closely monitoring developments between Pakistan and India after the two nations exchanged fire.
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Link to tweet

[Ol Janx Spirit]

1. We had a trade surplus with the UK--not a deficit--and it looks like they got us to...

...drop OUR tariffs on their automobiles and steel and aluminum. Can't wait to see the details and whether the Administration was so desperate to announce a deal that they basically made things worse for America in the process. Sure, that seems like a predictable outcome given the people involved here--but still....

[LetMyPeopleVote]

2. Maddow Blog-Trump's 'trade deal' with the United Kingdom isn't yet an actual trade deal

Last edited Fri May 9, 2025, 02:22 PM - Edit history (1)

The president said he’s reached a “conclusive” and “comprehensive” trade deal with the U.K. Reality suggests otherwise.
https://bsky.app/profile/stevebenen.com/post/3lootbo4hfc2k

Whether Navarro understands this or not, Trump's "conclusive trade deal" with the UK is neither conclusive nor a trade deal:

Link to tweet

https://www.msnbc.com/rachel-maddow-show/maddowblog/trumps-trade-deal-united-kingdom-isnt-yet-actual-trade-deal-rcna205623

It’s easy to understand why Donald Trump might be embarrassed by his lack of second-term trade deals. About a month ago, Peter Navarro, the White House’s top trade adviser, boasted in March, “We’re going to run 90 deals in 90 days.” Navarro added that such a plan “is possible” in part because “the boss is going to be the chief negotiator.”....

On Wednesday night, the president used his social media platform to announce that the White House had struck a “MAJOR TRADE DEAL.” The following morning, he added that a “full and comprehensive” trade agreement is in place with the United Kingdom, which was soon followed by another online item in which Trump claimed, “Together with our strong Ally, the United Kingdom, we have reached the first, historic Trade Deal since Liberation Day.”

It all sounded rather exciting — right up until the public learned that the “trade deal” isn’t an actual trade deal, at least not yet. NBC News reported:

The U.S. is working toward finalizing a narrow trade deal with the United Kingdom, President Donald Trump said Thursday, a small step as the White House pursues an aggressive tariff agenda across the globe. According to a document furnished by the U.K., the agreement will see duties on U.K. car imports reduced from 27.5% to 10%, while tariffs on U.K. steel imports will be dropped. In return, the U.K. is lowering trade barriers on U.S. beef imports and ethanol.

The emerging picture is one in which the White House has settled on a non-binding framework for a possible future deal with the United States’ 11th largest trading partner. This sets the stage for a series of additional talks — negotiations that will likely last months — that may or may not lead to an agreement......

The problem, of course, is that the first part of the claim is plainly at odds with the second: If an agreement is still taking shape and is likely to undergo a series of changes, then the new framework obviously is neither “conclusive” nor “comprehensive.”

In his first term, Trump had an unfortunate habit of wildly exaggerating the scope and scale of his narrow trade agreements. In his second term, the Republican is apparently picking up where he left off.

[LetMyPeopleVote]

3. trump did not disclose his "agreement" or deal because there was no deal. This was an agreement to agree

This "trade deal" was not a real deal but an agreement to agree that was by its own terms non-binding. In my world, this is called a letter of intent and this "trade deal" has the same non-binding language that is in all letters of intent'

Link to tweet