What price will the UK pay for a trade deal with Donald Trump?

Aslak Berg, trade policy expert at the Centre for European Reform think-tank, said the list of US trade grievances set out by the Trump administration was so extensive — covering not just tariffs but taxes including VAT and online and environmental regulations — that they could never be satisfied. “The US demands on regulation and taxation amount to regulatory subordination,” he said. “That’s not the kind of demand you’d make if you were looking to make a deal — it’s what you’d propose if you’re looking for an excuse to impose tariffs.”