US EditionUS and UK expected to announce deal to reduce tariffs
- President Donald Trump announced on May 8, 2025, that the United States and the United Kingdom would reveal a trade deal to reduce tariffs in Washington, D.C.
- The deal follows years of tariff increases by Trump, including 10% tariffs on all imports and a 25% tariff on UK cars and steel, amid post-Brexit UK efforts to negotiate independently.
- Negotiations, which began in 2020 and intensified recently, aim to lower tariffs mainly in sectors like car manufacturing while the UK maintains high food standards and rejects some US agricultural products.
- Trump called the agreement 'a full and comprehensive one' and promised that 'many other deals are in serious stages of negotiation' as the S&P 500 rose toward its February record.
- The deal marks the first bilateral trade agreement in Trump's tariff campaign, delivering a political win for UK Prime Minister Keir Starmer and offering limited tariff relief amid recession concerns.
508 Articles
508 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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