US EditionUK closes in on US trade pact with lower tariff quotas for cars and steel
- The UK and the US are nearing an agreement expected to reduce Trump's 25% tariffs on British steel and car exports as of early May 2025.
- The trade talks follow a 90-day tariff pause initiated by the Trump administration and involve complex bilateral negotiations with some timeline uncertainty.
- The proposed deal includes tariff quota reductions favoring UK exports, possible cuts on US agricultural levies, and ongoing debates over pharmaceutical tariff concessions.
- A UK official described the discussions as having a “landing zone” and “good” progress, while US Treasury Secretary Scott Bessent suggested trade deals could be announced this week.
- If finalized, the deal could ease pressure on British businesses and consumers by lessening tariffs and is expected to add 4.8 billion GBP annually to UK GDP by 2040.
17 Articles
17 Articles
US, UK make headway on trade pact, British official says
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The U.S. and Britain have made good progress in negotiating a trade deal that would likely include lower tariff quotas on steel and autos, a UK official said on Tuesday, but the timing of a deal remains in doubt amid conflicting signals from U.S. Treasury Secretary Scott Bessent and President Donald Trump. Bessent told lawmakers earlier on Tuesday the Trump administration could announce tra…
Reports: U.S., UK near limited trade deal focused on sectoral tariffs
The U.S. and United Kingdom are reportedly poised to announce a deal that would provide limited relief from President’ Trump’s tariffs on automobiles and steel in exchange for the UK’s easing of its digital service tax and duties on U.S. agriculture exports. The agreement was first reported on May 6 by the Financial Times, which said officials were expected to sign final terms “this week.” The two countries have been engaged in economic talks si…
UK and US in Intensive Talks on Economic Deal to Reduce Tariffs
The UK and US are in intensive discussions about an economic agreement that would reduce the impact of some tariffs, with a team of British officials in Washington to negotiate terms this week, people familiar with the matter said.
U.S.-UK Set to Sign Bilateral Trade Deal.
PULSE POINTS:What Happened: The United States and the United Kingdom are poised to sign a bilateral trade agreement this week. Who’s Involved: President Donald J. Trump, Prime Minister Sir Keir Starmer, the United States, the United Kingdom, India, and China. Where & When: In Washington, D.C., with the likely signing occurring the week of May 5, 2025. Key Quote: U.S. Treasury Secretary Scott Bessent testified before Congress on Tuesday that the …
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