Economists: Trade agreement with the United States will not bring significant economic boost to the UK

ChainCatcher news, according to Jinshi, Capital Economics economist Paul Dales said that the trade agreement with the United States will not significantly stimulate the growth of the UK economy.

On Thursday, Trump stated that the U.S. has reached a framework agreement with the UK, which will include reducing tariffs on UK steel and automobiles in exchange for the UK purchasing Boeing products and allowing more access for U.S. farmers to the UK. However, the agreement is limited, and compared to other economies, the UK will not be significantly affected by Trump's tariffs.