Trade experts and industry bodies have warned that the US-UK trade pact leaves a host of unanswered questions that will need to be resolved via further negotiations.
The deal covers just five pages of text providing only the outline of an agreement that was pulled together in just six weeks following US President Donald Trump’s “liberation day” tariffs announcement on April 2.
The document, published on Thursday, notes that it “does not constitute a legally-binding agreement” and that both sides must now begin talks “to develop and formalise” the proposals, which will allow the UK to escape the worst of Trump’s global tariff regime.
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