Trump’s First Trade Pact Offers Faint Glimpse on Art of the Deal

For global leaders puzzling over how to negotiate with Donald Trump, the US president’s inaugural pact with the UK offers a few clues on how much ground he’s prepared to give.

Thursday’s announcement of their trade framework in the Oval Office shows Trump is willing to celebrate progress even without a final accord — a move that can buy political credit with the White House. There’s also evidence that American levies can be talked down, but that may not be much more of a template, according to analysts.

“If you thought you were going to have to have a ...