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WSJ Opinion: Potomac Watch

A Thaw in the Trade War as the U.S. and U.K. Make a Deal

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

42.7K Ratings

🗓️ 8 May 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

Donald Trump and Keir Starmer announce a preliminary trade deal after the pause on the President’s “Liberation Day” tariffs that caused distress in the financial markets. What does it mean for possible future pacts with Europe and China, and is the U.S.-U.K. agreement a sign of improvisational dealmaking?   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price. Tell

0:22.2

Congress to guard your card because Americans lose when politicians choose. Learn more at guard

0:28.9

your card.com.

0:31.1

From the opinion pages of the Wall Street Journal, this is Potomac Watch. How goes the trade war?

0:41.5

Signs of a thaw emerge as Donald Trump and Kier-Starmer, the British Prime Minister,

0:46.8

announced trade pact, at least the framework of a trade pact, between the United States and

0:52.0

United Kingdom. How good is the deal?

0:54.6

And what does this mean for the future trade deals that Donald Trump is promising?

1:00.4

That's our subject for today on Potomac Watch.

1:03.3

I'm Paul Giego, the editorial page editor of the Wall Street Journal.

1:06.4

And I'm here with my colleagues, Kyle Peterson and Alicia Finley.

1:12.5

Well, the first big breakthrough today, how big is the question mark? But it's a breakthrough of sorts on the many trade

1:17.3

deals that Donald Trump has been promising after he paused his so-called Liberation Day tariffs

1:23.3

that he imposed on April 2nd and that caused so much distress in the financial markets.

1:31.3

He announced a 90-day pause on those reciprocal tariffs after the revolt in financial markets.

1:38.5

And this is the first fruit of that pause.

1:41.5

Let's listen to Kier-Starmor, the British PM, talk about the deal on a call with Donald Trump.

1:46.0

This is going to boost trade between and across our countries. It's going to not only protect jobs, but create jobs, opening market access.

...

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