Great Britain did not conclude a trade agreement with the United States, it ended a hostage negotiation | Hinsliff Gaby

Pass the bruant and let the bells of the ring ring. A trade agreement with Donald Trump is concluded, and in the West Midlands car factories as much as behind the scenes of n ° 10, there will be an understandable relief that, for the moment, at least, the Americas, the war in the phase of SA is finished.

It is true that the relaxation of arbitrary prices on cars, steel and aluminum which did not even exist until eight weeks ago are not far from being a real trade agreement, especially because the president could tear it tomorrow if it felt like that. But the terms agreed between London and Washington could save thousands of jobs, which should not be sniffed, even if jobs that have never been at risk in the first place had not suddenly chosen to threaten them. More surprising, Rachel Reeves seems to have managed to cling to his tax on digital services on technological companies (mainly American), while for all presidents, the new dramatic access for livestock breeders in British markets, he could have been infinitely worse for British agriculture: no brimplume chicken to wash chlorine, British breeders not to offer.

No wonder Keir Starmer made Churchill's comparisons with a generous trowel, stressing that the agreement was revealed the same day at almost the same time as victory in Europe or simply victory, as Trump calls him, as if the European Bit was not relevant 80 years ago. Once again, Starmer insisted, Great Britain and the United States stood side by side. Well, as side by side as possible when one of you is in the oval office graciously removing your foot of the neck of the other, which listens with anxiety in the video link while the new ambassador, Peter Mandelson, oscillates on the shoulder of the presidents. Trump volunteered in return that previous governments had long coveted an agreement and that he never got there. He did it with this Prime Minister. If everything made you cringe, it is difficult to blame Starmer for that: or no more than you would normally blame a person with an unhappy part of their tight anatomy in a vice. But peace in our time? Not quite.

This was less a trade agreement between the allies, a process of designing and taking in the long term leaves, we hope, both parties better than a hostage negotiation. Pay to Trump what he feels due, and you recover your economy almost in the state that it was before, although a few fingers were missing and probably traumatized. The 10% price on all British exports to the United States, affecting everything, from salmon whiskey as well as cars, does not remain a word when it could be raised: it was fairly well settled, said Trump, indicating that for him, this particular conversation is finished. The threat of a price on films made abroad, which could crucify the British film industry, always hover, alongside possible future prices on pharmaceutical products (although no 10 insists that they now have a certain protection on this subject). But why would Trump not continue to priced things? After all, with regard to its interest, it works with it.

We exploded the entire system, Trump sang, at some point. For this reason, it worked so well. And if what he wants is a queue of global leaders of publicly supplicants and private puffs at his door, then it is not wrong, although for Americans, the price of satisfaction of his vanity can still be a preventable recession at home. Other countries, with larger commercial imbalances with the United States and fewer options, may have to swallow less than Britain.

It will take time to disentangle what this agreement means for the summit of May to which Great Britain aims to reset greater and more beneficial with the EU, but to pass something through the line now at least that the government does not have both American and European plaques which turn madly at the same time. (On which notes, a period of silence would be the welcome of the fans of a hard Brexit of which they were told on several occasions which would leave the Britain isolated and at the mercy of Washington or Beijing: it is not this government, in the words of Kemi Badenochs, which broke Great Britain on trade).

Although the agreement potentially gives British companies exporting to the United States a competitive advantage over competitors based in countries still confronted at punitive prices, this does not help companies to sell on a market depressed by this trade war which will be most of them, given the paralyzing uncertainty caused by person in business knowing well.

The financial markets should rally, because Trump making offers is at least better than Trump distributing an arbitrary economic punishment: some will want to see a return to normal, after a burst of almost strategic madness. But normal is a trade agreement like the one that Great Britain has just made with India, a win-win exercise that does not leave everyone around the apparently terrified table not to be seen strong enough to the jokes of the presidents. If he finds the results of this first series of rewarding prices, then nothing about Trump suggests a man who knows when to stop.

The most alarming thing about its visible sample from foreign manufacturing films that break the convention that prices are normally loaded with goods that are physically moving through borders, and not services, this is not the slight most crazy suggestion of the shooting of the film Barbie in Hertfordshire represents its national security threat to the new crossbowners of the world.

Diplomats are trained not to pay the ransom for hostage takers, regardless of how the pleas have held the pleas of families of captives, lest you give, they come back for more. With Trump, this rule will be infringement because it will have to be; Democratic governments of the whole world, in particular those besieged by populist parties, fear surviving the consequences of saying an angry audience that they will only have to learn to live with economic difficulties induced by prices after a hot paralyzing post-pandemic inflation. (Even Canadas Mark Carney, having won its elections on an explicit anti-Trump platform, is now faced with the much more difficult task of directing Canadians through difficult times to come.)

But if the economic assault is rewarded, as is the territorial aggression of Poutines is probably about to be rewarded in Ukraine, none will be discouraged to try it again. Eighty years later, we should not need to remember where it leads.

Gaby Hinsliff is a guardian columnist

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