Damn John Jay!

In short nothing good for either the Americans or the Brits. GB would have kept the ports, kept impressing sailors and siezing American ships and the US might have wound up with another war with GB. On the British side they wouldn't have been given compensation for property siezed from loyalists during the revolution, wouldn't have gotten most favored nation status, and British anti-French maritime policies were acquiesed to. The northeast boundry of the US was set at the St Croix River.
 
It often is ,but the main dispute was settled. It got the parties considerably closer together.

It improved Anglo-American relations, but that's not to say it settled the border issue or even the main part of it. It decided which river was the St Croix but not which range was the highlands, and that's where the rub turned out to be later on.
 
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