The U.S. has a $12 billion trade surplus with the United Kingdom, meaning it already exports more than it imports. Meanwhile, the baseline 10% tariff Trump announced April 2 will remain in effect for most U.K. imports, which could lead to higher prices for consumers.

Opposition to Trump may have jumped the gun on the doom and gloom forecasts. Trump's string of deals and demands have moved markets to recovery. Major indices have since exceeded both their April 1 closes and predictions.

Hailed by Britain’s prime minister in superlatives, the deal opens up significant opportunities. Its success will depend on what comes next.

The result has been a raft of trade wars between Washington and other governments, Beijing foremost among them. Trump’s disruptions to the global economy are serious, and they may feel novel. But today’s situation is hardly without precedent.

The trade agreement in principle with the United Kingdom could be an opportunity for the state’s ethanol industry. Wendy Osborn says Ohio is currently the 7th largest producer of ethanol in the country.

The United Kingdom is the first European country to have reached a compromise with the United States on trade. But some analysts believe the deal sends the wrong signal. #EuropeNews