कोशिश गोल्ड - मुक्त
US-UK trade pact: Seems like an episode of a comedy show
Mint Hyderabad
|May 13, 2025
The agreement is long on rhetoric and short on what truly matters
Watching the president of the US, Donald Trump, reveal in the Oval Office what he described as "a tremendous trade deal" with the UK reminded me of the 1990s sitcom Seinfeld—it was a show that was literally about nothing.
To be clear, it's not a deal. It's more of a framework for an agreement.
In other words, US and UK negotiators still have a lot of work to do in coming weeks—perhaps months or even years like these things usually take—to hammer out the details. For now, the idea is to have the UK fast-track American goods through customs and reduce barriers on "billions of dollars" of agricultural, chemical, energy and industrial exports, including beef and ethanol.
More importantly, what was announced fails to accomplish any of the three objectives Trump originally put forward leading up to 2 April's 'Liberation Day' for levying tariffs on America's trade partners.
As a refresher, the first was using tariffs (which Americans pay for) to raise tax revenue to help close the federal budget deficit and pay for an extension of the US Tax Cuts and Jobs Act of 2017 that is due to expire this year. The second was to bring manufacturing that migrated overseas back to the US, igniting a new 'Golden Age' of America. The third was to achieve foreign policy goals.
None of those three objectives came up in last week's announcement.
So, what is the point?
यह कहानी Mint Hyderabad के May 13, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Hyderabad से और कहानियाँ
Mint Hyderabad
Do tariffs work?
With trade tensions between the US and China flaring up again, the spotlight is on how their game of mutually assured disruption plays out.
1 min
October 22, 2025

Mint Hyderabad
Keppel buys 49% in Cleantech, takes control
cation,” a Shell spokesperson said in an emailed response.
1 mins
October 22, 2025
Mint Hyderabad
CCI clears Torrent's JB stake buy proposal
Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies.
1 min
October 22, 2025
Mint Hyderabad
'Balanced India-US portfolios fared better'
Saurabh Mukherjea has a simple message for investors in Indian equities: it's time to look beyond. The chief investment officer and co-founder of Marcellus Investment Managers believes that with jobs in India drying up due to the US tariffs, consumption slowdown and tepid corporate earnings, it “will be tough for a market already trading at record-high valuations to move any further”.
2 mins
October 22, 2025

Mint Hyderabad
NITI Aayog proposes new panel to supercharge net-zero push
India’s top government think-tank has called for setting up a panel to guide policy and coordinate multi-ministry efforts on climate action and energy transition, two people aware of the development said.
1 mins
October 22, 2025

Mint Hyderabad
The Jio tariff hike everyone expected isn't coming—yet
The company has instead chosen to grow revenue by driving users to consume more data
2 mins
October 22, 2025
Mint Hyderabad
Reliance seeks to buy Middle East oil
Reliance Industries Ltd bought Middle Eastern crudes last week and may place more orders, ina sign that Western pressure against Russian flows may be starting to impact its procurement patterns.
1 min
October 22, 2025
Mint Hyderabad
Deloitte's AI debacle in Australia isa warning for all early adopters
That a report riddled with AI hallucinations was sent to a government should be a wake-up call
3 mins
October 22, 2025
Mint Hyderabad
Jio-BP’s Q2 petrol, diesel sales up 34%
Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34% rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.
1 min
October 22, 2025
Mint Hyderabad
Recent Nobel prizes for economics seem rich in irony
This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded “for having explained innovation-driven economic growth,” with one half to Joel Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Philippe Aghion and Peter Howitt “for the theory of sustained growth through creative destruction.”
3 mins
October 22, 2025
Listen
Translate
Change font size