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Wall Street Journal

‘Not Much Changes' With U.K. Trade Deal, Says Economist Brad Setser

U.K. Prime Minister Keir Starmer billed Thursday's trade deal with the U.S. as "truly historic." But the actual impacts may prove minimal, says Brad Setser, a scholar at the Council on Foreign Relations. "First, this is a very small deal. Most of the new U.S. tariffs remain. Most of the restrictions on U.S. exports to the U.K. (which are modest) remain. Not much changes," Setser said in a post on X. Click below to read Setser's full reaction to the deal.