first trade 'deal' doesn't bode well for the rest

[struggle4progress]

Analysis by Allison Morrow, CNN
Updated 9:18 AM EDT, Fri May 9, 2025

New York
CNN
—
OK, so! After a month of negotiations, we finally have a “full and comprehensive” trade agreement with our old pals across the pond ...

OK, so it’s more of a concept of a deal. If a trade deal is, like, Michelangelo’s David, this is more like a block of marble. Or really it’s like a receipt from the marble guy that says we’ve placed an order for a block of marble ...

That Bentley you’ve had your eye on was going to be taxed at 27.5%, but now it’s only 10%. Great news for that sliver of Americans in the market for a Land Rover, Jaguar, Rolls-Royce or Aston Martin. No other consumer goods were mentioned ...

“A trade agreement where the details are still being negotiated is not an agreement,” said Joe Brusuelas, chief economist at RSM, on social media. “This does not provide the clarity necessary to lift the fog of uncertainty created by a trade war of choice” ...

https://www.cnn.com/2025/05/09/business/trumps-uk-trade-deal-nightcap

[surfered]

1. Trump has been focused on Trade imbalances, that we buy more from a country than they buy from us.

He considers that “losing money.”

That first chart he showed on the tariffs other countries charge us was actually the trade imbalances.

What is so telling about his first trade “deal” with the United Kingdom is that we have a trade surplus with the UK. They buy more from us than we buy from them.