Although not part of the new trade pact, the UK could have a competitive advantage thanks to lower tariffs on its products compared to the EU.

Experts suggest that the UK could benefit from the new EU-US trade deal, thanks to lower tariffs of 10% for its products, compared with 15% for EU products. This could boost British exports and induce European companies to relocate to the UK. However, the concrete benefits are uncertain and will take time to play out as trade conditions get tougher for both sides.