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The U.S.-U.K. deal shows the trade war is here to stay (www.axios.com)

submitted 2 days ago by [email protected] to c/[email protected]

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But U.K. imports will continue to carry a 10% tariff, up from a pre-Trump average of 1.3%. The president referred to that as the "lowest end" import tax.

With 10% import taxes looking like the new minimum — and other countries with more contentious trade relationships likely to continue seeing significantly higher tariffs — there will be serious sand in the gears of global commerce for the foreseeable future.

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[–] [email protected] 5 points 2 days ago

there will be serious sand in the gears of global commerce for the foreseeable future.

Or will there? Certainly, serious issues for US trade, but the rest of us can trade with each other just fine. We're already seeing that start to happen.