the current US Administration

Regardless of negotiation, the idea that a reasonable deal with the current US Administration will be long-term must be abandoned. Neither can a different administration be relied on to reverse these agreements. The deals the US has ‘finalised’ seem to be dependent on how the English language is interpreted. The EU, for instance, as one American interlocutor observed, assumed that the 15 percent reciprocal tariff agreed to would be a ‘ceiling’ tariff. However, the US has stated that it reserves the right to change these tariffs in the future. Hence, these are not ‘Free Trade Agreements’ (FTAs) but interim understandings.. ufabet