US EditionUS and UK expected to announce deal to reduce tariffs
- On May 8, 2025, U.S. President Donald Trump and U.K. Prime Minister Keir Starmer prepared to announce a bilateral trade deal in Washington and London.
- The deal follows years of negotiations that resumed under Trump to reduce tariffs, notably the 25% U.S. Import tax on U.K. Cars and steel, amid broader tariff tensions.
- The agreement is anticipated to reduce tariffs on specific industries such as automotive production, while Starmer's administration continues to uphold strict food safety standards, rejecting imports of chlorine-washed chicken and hormone-treated beef.
- Trump described the deal as a “full and comprehensive” agreement, promising many other deals in serious negotiation stages to ease tariffs and boost exports.
- This deal holds symbolic value and political significance for both leaders but likely will not address Trump's broader trade deficit concerns or prevent recession risks tied to tariff uncertainty.
511 Articles
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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