US EditionUS and UK expected to announce deal to reduce tariffs
- A trade agreement aimed at easing tariffs imposed by President Trump is set to be unveiled on Thursday by the governments of the U.S. And the U.K.
- This deal follows Britain's 2016 decision to leave the EU, allowing the U.K. To negotiate independently and seek relief from 25% import taxes on cars and steel.
- The United States serves as the primary market for vehicles made in the United Kingdom, representing more than 25% of the U.K.’s automobile exports, while last year the U.S. Enjoyed an $11.9 billion surplus in goods trade with Britain.
- President Trump described the agreement as a "full and comprehensive one" that will strengthen U.S.-U.K. Ties and promised more deals are in serious negotiation stages.
- The deal is expected to signal a political win for U.K. Prime Minister Starmer and provide relief for British exporters, though it may only modestly impact Trump’s core trade deficit concerns.
424 Articles
424 Articles
'Concept of a plan': Trump hypes 'major trade deal' with UK — experts say it’s not
Economic and political experts are panning President Donald Trump’s tariff “deal” with the UK, saying it doesn’t live up to his hype.The President teased out the announcement Wednesday, at first not mentioning the alleged deal was with the UK. “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” At 5:42 AM, building …
US and UK are expected to announce a trade deal that Trump says will cement their relationship
It's the first bilateral trade deal since Trump began his stutterstep efforts to rewire the global economy by dramatically increasing import taxes in an attempt to increase domestic manufacturing.
Reforma
Trump Announces Trade Agreement with UK
President Trump announced the conclusion of a 'total and complete' agreement with the UK, the first since the trade war began.
"US and UK expected to announce deal to reduce tariffs"
Trump teased a “major trade deal” to be announced on Thursday. He did not say which country was involved, though he said it was “A BIG, AND HIGHLY RESPECTED, COUNTRY.” The BBC is reporting said country is the United Kingdom. The US and the UK are...
US Strikes First Trade Deal, and Markets Are Happy
The US and the UK have struck a deal on trade after President Trump's imposition of tariffs, the first of what could be dozens to follow, reports the Washington Post . Details are scant at the moment, but President Trump plans to address it at a 10am Eastern news conference. Even...
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