US agreement leaves UK open to do a much more significant EU deal

The key diplomatic win here is that it leaves the UK open to do a full EU deal on, for example, food standards.Economically this US deal is relatively small, although important to very specific sectors.It rolls back on some of the trade damage done by Trump's original announcement, in particular to the car industry. An insider told me the move from 27.5% to 10% would effectively save UK car exporters over £1bn…