US EditionUS and UK expected to announce deal to reduce tariffs
- President Donald Trump is anticipated to reveal a bilateral agreement on trade with Britain on Thursday, representing an important milestone in the ongoing economic discussions between the two countries.
- The deal follows several years of talks since 2020, shaped by Trump's tariff increases aimed at boosting U.S. Manufacturing and Brexit enabling U.K. Independent trade deals.
- Key objectives have included reducing the 25% tariffs on U.K. Cars and steel, while Britain aims for pharmaceutical exemptions and the U.S. Seeks agricultural market access.
- Trump described the agreement as "full and comprehensive" and promised "many other deals to follow," while no immediate deal details were released publicly.
- The deal would lower some tariff burdens and provide a political boost for U.K. Prime Minister Keir Starmer, though it may not affect Trump's core trade deficit concerns significantly.
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511 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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