John Methuen (diplomat) the Treaty on 16 May 1703, a step of great significance in the War of the Spanish Succession. John, on his return from England, concluded a commercial treaty on 27 December 1703, opening Portugal to the English cloth trade in return for preferential rates of duty on the import of wine. How beneficial to either country the Treaty was in the long run has been debated; possibly its most important result was the development of the port wine trade, and it was later referred to humorously as "the Port-Wine Treaty". Methuen in later life increasingly suffered from gout and rheumatism;
Jay Treaty postponed it until the United States was strong enough to handle it. Bradford Perkins argued in 1955 that the treaty was the first to establish a special relationship between Britain and the United States, with a second installment under Lord Salisbury. In his view, the treaty worked for ten years to secure peace between Britain and America: "The decade may be characterized as the period of 'The First Rapprochement.'" As Perkins concludes, For about ten years there was peace on the frontier, joint recognition of the value of commercial intercourse, and even, by comparison with both preceding and succeeding epochs,