About this Video

• Video Title: Trump's UK Trade Deal Is A Disaster
• Channel: Sasha Yanshin
• Speakers: Sasha Yanshin
• Duration: 00:13:13

Introduction

This video analyzes the recently signed US-UK trade deal, arguing that it's far less beneficial than advertised, particularly for the UK. Sasha Yanshin examines the specifics of the deal, highlighting the minimal changes in tariffs and the overall negligible impact on both the UK and US economies.

Key Takeaways

• The US-UK trade deal had almost no actual substance, with minimal changes to existing tariffs. A 10% tariff remains on most UK exports to the US.
• Despite celebratory announcements, the deal offers little practical benefit to the UK economy. The UK's trade deficit with the US remains largely unchanged.
• The claimed $5 billion opportunity for US exports is largely unsubstantiated and represents a minuscule 0.02% increase in US GDP. Much of this is attributed to ethanol and agricultural products, with the latter facing significant hurdles due to differing food safety standards.
• The deal's lack of significant change is attributed to the US's isolationist trade policy and the imposition of tariffs, which are unlikely to be removed soon.
• The video concludes that the deal primarily serves to boost Donald Trump's popularity rather than significantly improving the US or UK economies. The deal also solidifies the US's tariff policy, making it harder to reverse.