"There's a big difference between a trade deal and a trade agreement," Jonathan Haskel tells BBC Radio 4's Today programme. "Trade deals are limited and short term and partial, just covering a few items. Trade agreements are broad-based and long term. In his Truth Social post, Mr Trump announced that this was a trade deal, so I’d urge people not to expect very much.” [26:11]
Listen to the interview at BBC Radio 4.