What the U.K. Deal Reveals about Trump’s Trade Strategy

Scott Lincicome

Last week, the Trump administration announced a “historic trade deal” with the United Kingdom. If by this the White House meant that the agreement is the first instance of a country reaching a deal to get out of President Donald Trump’s worldwide “Liberation Day” tariffs, then yes—it is, technically, historic. In colloquial terms, however, the only historic thing about this agreement is its flimsiness. If the U.K. deal is a model for deals yet to be struck with other nations...