President Donald Trump again delayed higher tariff rates that were set to take effect Friday, pushing their implementation another week as trade lawyers seek technical details associated with the latest announced framework trade deals. Despite those developments, trade lawyers say they are left with more questions about what those preliminary deals mean and how they may interact with ongoing negotiations between the United States and China.
Bracewell’s Josh Zive told Law360 that even though the UK deal has more official records and guidance associated with it, he’s hesitant to look toward the agreement as a model for what other formal details from other trade arrangements announced might look like.
“I’m hesitant to use a UK deal that is still very short on details as any sort of reliable model for trade relationships that are quantum levels more complicated than the US-UK trade relationship because of the volume and the types of products,” he said.
