Denison Forum – The Daily Article
Dr. Ryan Denison
When President Trump officially announced the tariffs his administration would place on countries around the world just over a month ago, he warned that there would be a painful adjustment period. But, he also claimed that it would be worth it in the end. And while it is still far too early to know if he was correct, the trade deal he announced with the United Kingdom yesterday morning could offer a glimpse into what’s to come.
As of yesterday, and among other things, Britain will be able to send 100,000 cars annually into the United States without further cost—reduced from the 25 percent that was previously placed on British vehicles, and the United Kingdom will join the U.S. in imposing 25 percent tariffs on all foreign steel and aluminum.
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