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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Experts: The impact of the UK-US trade protocol on the UK economy is limited.
According to Gate.io News bot, Jin10 reports that Paul Dales, an economist at Capital Economics, stated that the trade agreement between the UK and the US will have a very limited stimulating effect on the UK's economic rise.
On Thursday, Trump revealed that the US and UK have reached a consensus on a framework protocol. This framework includes lowering tariffs on UK steel and automobiles, in exchange for which the UK will increase its procurement of Boeing products and expand access for US agricultural products. However, the scope of this protocol is relatively small, and compared to other economies, Trump's tariff policy has a lower impact on the UK.