Leibowitz: The UK trade agreement, a template for future trade deals?

The US and UK governments on Thursday announced an “agreement in principle” between the two countries that will reduce or eliminate tariffs that affect almost all other countries.

The deal, assuming it is finalized in the next few weeks, will provide some relief for the US equity markets. It may also provide a hint about other possible agreements between the US and other trading partners. Those implications are worth examining. But there is no certainty yet.

Lewis Leibowitz

Lewis Leibowitz, owner of the Law Office of Lewis E. Leibowitz, practices in the areas of international trade law, customs law, and international commercial transactions. He represents clients before all federal courts and agencies dealing with international trade matters. Mr. Leibowitz advises and assists clients in diverse matters including trade remedies, customs, foreign-trade zones and free trade agreements, trade negotiations, and related matters. He can be reached at lewis.leibowitz@lellawoffice.com.