US EditionUS and UK expected to announce deal to reduce tariffs
- On May 8, 2025, President Donald Trump revealed a significant and all-encompassing trade pact aimed at lowering tariffs with the United Kingdom.
- The agreement follows years of tariff impositions by the U.S., including 10% on most imports and 25% on autos and steel, which prompted Britain to seek relief amid ongoing trade tensions.
- The deal, expected to lower tariffs on selected sectors such as autos and pharmaceuticals, does not constitute a full free trade agreement and coincides with the U.K.'s effort to ease post-Brexit trade barriers.
- Trump described the deal as "full and comprehensive" and noted that many other trade agreements are in "serious stages of negotiation," signaling broader efforts to address tariff policies.
- The announcement may ease trade frictions between the two nations and provide targeted tariff relief, although it leaves key trade deficits unaddressed and broader economic uncertainties persist.
495 Articles
495 Articles
President Trump and UK Prime Minister Keir Starmer Announce Historic Trade Deal
President Trump on Thursday announced his first trade deal over tariffs and reciprocal trade with the United Kingdom. “With this deal, the UK joins the United States in affirming that reciprocity and fairness is an essential and vital principle of international trade,” Trump said while announcing the agreement. “In addition, the UK will reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products.“ UK …
Trade agreement between the US and the UK finalized
The US and the UK have reached a preliminary trade agreement. The agreement concerns, among other things, tariffs on agricultural products. A step in the right direction – but at the same time we are getting a "fragmented patchwork", says Business Sweden's chief economist.
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