In fact, the U.K. could actually expect to see lesser levies, or indeed immunity, from the plans, according to Capital Economics’ chief U.K. economist, Paul Dales. “I suspect there is some ground for the U.K. to agree some kind of concession [or] carve-out, should the U.S. place tariffs on imports from the U.K.,” Dales, told CNBC via email Monday. “That might mean that any tariffs are watered down or cancelled after a while.” Nonetheless, trade negotiators may have a steep hill to climb when it comes to securing a full bilateral trade agreement, with analysts voicing skepticism that there will be enough political will on either side to push a deal through. “If Trump was really keen on this, then I suspect it would have happened when he was President between 2017-2020,” Capital Economics’ Dales said.
