A done deal, or a “framework”? Does it matter, in terms of PR and market response?
Donald Trump teased “a major trade deal” on Truth Social with a “big and highly respected country” late yesterday. This morning, Trump dispensed with the mystery by revealing the United Kingdom as the partner for the new agreement. And then, Trump followed that up a short while ago by declaring it a “full and comprehensive” trade deal:
The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!
That does come as a minor surprise. Rumors had India and Japan…
