US EditionUS and UK expected to announce deal to reduce tariffs
- The United States and United Kingdom are expected to announce a comprehensive trade deal on Thursday to reduce tariffs between the two countries.
- The deal follows President Trump's imposition of a 10% tariff on UK imports, including autos, steel, and aluminum, which Britain has sought to reduce or lift.
- The agreement will provide tariff relief to select sectors without lowering UK food standards or allowing hormone-treated beef or chlorine-rinsed chicken imports.
- President Trump characterized the agreement as thorough and all-encompassing, adding that numerous additional agreements are currently progressing well and are expected to be announced in the near future.
- This trade deal will offer political gains for UK Prime Minister Starmer and relief for British exporters, though it may not address Trump's core concerns on trade deficits.
499 Articles
499 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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