Jason Furman: The one thing that is clear about the US-UK trade deal is that the gains to both the US & UK from the UK's increase in market access are much smaller than the US & UK losses from the large increase in U.S. tarrifs relative to 1/19/2021. Plus other agreements likely harder.

The one thing that is clear about the US-UK trade deal is that the gains to both the US & UK from the UK's increase in market access are much smaller than the US & UK losses from the large increase in U.S. tarrifs relative to 1/19/2021. Plus other agreements likely harder.