What is in the deal:
1. UK's export to US will be charged 10% tariff
2. UK will be exempted the sectoral tariff: such as steel...
3) UK is granted 100K cars quota to US market
4. UK opens its market for US Ethanol, beef, and other agri goods.
What is not in the deal:
1. not mentioned so called currency deal--
2. not mentioned Balancing the trades between the two.
Balancing trades and Dollar depreciaton (sign Plaza-like currrency deal and buy 100 years low/no interest debts) were two major goals initially,which is almost impossible to achieve.
Based upon this deal: trump's goal become more transparent and limited. if this is the protocal for future trade agreements, I would think the fall out of the tariff war is more manageble than I initial thought. Of course, trump may approach each country differently.
