The so-called US-UK trade deal announced in early May was more press release than trade deal. But it has fired the starting pistol to a fuller, formalized agreement between the two countries.

By agreeing to minor tariff concessions, British Prime Minister Keir Starmer has rewarded Trump’s strong-arm tactics. This agreement comes with no guarantees that the US president will not impose new levies at any time: at just five pages, it contains little of substance and is not legally binding. There are, however, commitments to engage in further talks towards a fuller deal, which could threaten rights, standards and protections in Britain.