British trade with Trump may not be good news for the world.

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How many legal structures do this deal? A trade lawyer from a prominent company asked me yesterday. It's almost the same as this napkin.

Even architects of trade transactions published between the United States and the United Kingdom will call it economic or legal beauty. Even the signed document seems to have been designed to avoid the tariffs imposed by Donald Trump imposed on steel and cars.

Whether the transaction is politically worth is the calculation that the Keir Starmers British government can do. Certainly it did not give us a large amount of approach to the British market. But whatever the short -term benefits in the UK, it did not do much for the integrity of the global trading system.

The UK is not one of the most influenced economies of Trump tariffs. The automotive industry is largely exported, but mainly for the EU. The United States accounts for less than a fifth of British exports. It has a relatively small steel industry, and less than 10 % of exports cross the Atlantic. And since there are few trade surpluses with the United States, the United Kingdom was not threatened by the so -called mutual tariffs that exceeded the 10 % tariff announced on April 2. For example, if Trump finds it and finds a courage to risk another financial market collapse, the EU is faced with another 10 % tariff.

This new contract is at risk to the UK before considering a wider impact. Considering how much the British is, there is no guarantee that Trump will not come back for more. According to the poet Rudyard Kipling, the dane-gel's kings of the medieval Anglo-Saxon England bought the Vikings invaders and never removed Dane after paying the Dane-Geld.

During the first term, the trading partner was able to make a temporary transaction with Trump, such as China and the USS 1 contract, and is reasonably sure that they will stick to them. But as Canada and Mexico can prove, the second Trump is more capricious and responsible for changing the transaction after being agreed. The nations were first accepted by Trump despite the lack of absolute evidence of Canada's incident after swearing clamping for pentanil smuggling.

This contract with the UK has followed a full trading contract for next year, but now it is in a weak negotiations. Trump can withdraw this concession at any time without the conversation.

On the other hand, the most important danger is not the British itself, but the global trading system. Some of the contracts include reducing the protection of imports, including ethanol and beef in the United States, even if it is not an official legal trade agreement. Thus, the UK has weakened the most preferred national principles that are the basis of multilateral trading system. Officials bear reliability by insisting that it can be compatible with the world's trade organization rules as part of a wider package. If another country wants to chase a turmoil, the WTO dispute resolution hearing may soon be organized. The United Kingdom also normalized a very regressive movement, accepting that it would continue to face 10 %standard tariffs.

When Britain left the EU, some of the stadiums would be that it would be an active and active advocate of free trade and multilateral rules. It will play a creative and catalytic role in the WTO and will liberate the EU's strong protectionism. And when joining the Asia -Pacific CPTPP Agreement, it will be related to the world power.

The United Kingdom encouraged others to do so by passing down the US pressure and rushing for fast transactions. In recent weeks, the EU and CPTPP have created a tentative movement for cooperation to protect the rules -based trading system. Both China, Japan and the EU resisted the US's fast contract. China insisted that it would come to its own negotiation table. The EU has released a list of latest retaliation targets for the United States today. This effort is now damaged.

The UK can definitely make a political choice. You can choose to pay to Dane. It was possible to avoid the worst of the current Trump tariff. But after Breksit, the promise that the UK will be an unstable anchor in the rules -based international trading system seems to be weaker than today.

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