The bilateral trade agreement between Britain and the United States may not have a significant economic impact, with estimations suggesting a modest increase in UK GDP. The notion that a US trade deal could revolutionize the British economy was deemed unrealistic, especially in light of past tariff wars under the Trump administration. However, pursuing freer trade talks with the US is crucial due to current tariffs on key sectors like cars and pharmaceuticals.

Challenges in reaching a deal lie in potential US demands for tariff reductions, particularly in sensitive sectors such as agriculture and digital regulation. The Trump administration’s unreliability and strategic goals further complicate negotiations, as they aim to weaken the EU by pulling Britain away from its influence.

While the UK-US deal may not be as comprehensive as hoped, it remains politically significant. The involvement of Parliament in trade deal decisions is essential, as evidenced by calls for meaningful votes from various political parties. The government should ensure that any agreement with the US is subject to parliamentary approval to uphold democratic principles and transparency in the negotiation process.