In can be seen as their haste Donald TrumpThe closest friend, now is a serious question mark Sir ker stormer And his government should have shown more patience in getting a “great and beautiful” business deal with the US.
The deal, which was symbolically the first post-“Liberation Day” Agreement Signed by president Tusrap Along with any country, the tariffs imposed by the US President were placed to reduce the impact.
but while Sir ker And the rest of the world leaders were warning more measured voices in calm, Washington to rapidly respond that the US President would never be able to accompany him.
Now, it seems that they were right, US Court of International Trade ruling Tusrap “More than his rights” when he put his broad levy on countries around the world and This step is blocked,
The UK Ambassador to the US, Peter Mandelson, was a strong lawyer to quickly make a deal with Trump, and he probably saw Tariff as an opportunity to accelerate the process. But did he listen to intelligent voices more carefully in DC, perhaps Britain would not have been in such a hurry.
Never notice that Trump came up with a meltdown on the bond markets with his own Liz Trus moment, before Treasury Secretary Scott Besent persuaded him to suspend the tariff over time. It is understood that it was achieved only because Besant’s co-conspirator Trump’s tariff Guru Peter Pieter Pieters managed to distract and kept him away from the President for a long time.
The real issue, as stated by Andrew Hale, a business expert at the Heritage Foundation – was not an associate of the administration – it was that Trump never had monarchy powers to implement these tariffs without a law from the Congress. The US Constitution prevents the presidents from acting like a tyrannical.
Trump was relying on the Emergency Powers Act, which also does not mention the words “tariff”. In addition, it is difficult to justify why Canadian maple syrup, Scotch whiskey or foreign films should form a national emergency.
So tomorrow the legal decision – now is subject to the appeal – was unavoidable and there is a possibility of retaining in the High Courts, perhaps all the ways for the Supreme Court.
However this means that the chain of trade talks already signed by the US and Britain is in chaos. Do the words trump still apply? It does not seem so.
The best case for Sir Keir In the scenario, the UK now has better trading conditions with the US, minus 10 percent tariffs. But it may be that they have to return to the drawing table completely.
Fortunately, the small print of the deal had a means of continuing conversation to create a trade hub on future technologies, such as Artificial Intelligence and Biotech that would shape the future of the world.
But where the current goods and services are now standing, someone estimates. It may be that in signing the tariff, the UK has inadvertently placed itself in a worse position than the countries that have not yet signed deals that do not apply most tariffs.
There was already a question mark on the UK-US trade deal when the new terms were implemented. Contrary to expectation, 25 percent of the cars and steel (which are important, are unaffected by the court’s decision), are believed to have reduced 10 percent in the deal, still in place.
However, the broader picture is that the careless shock strategy on the global trade system launched by Trump has now only created more uncertainty and confusion with this legal decision.
Even though the markets gave a positive response to the tariff to rule illegally, it may take months to solve the chaos, putting the economy on the world around the world.
