Caijing Macro: Trump is eager to show progress on tariffs, but details of the agreement are unclear.

date
09/05/2025
President Trump announced a new trade agreement with the United Kingdom, but the details provided during the meeting were limited, causing some analysts to feel disappointed. Paul Ashworth, from Capital Economics, stated in a report: "The rush to show progress in the 'agreement' indicates that the government is increasingly desperate to repeal tariffs before they have an impact on GDP growth and inflation. Although Trump's remarks suggest that the 10% tariff will continue to be maintained, even the broad details still seem unclear."