Europe EditionUS and UK expected to announce deal to reduce tariffs
- President Donald Trump announced on May 8, 2025, a full and comprehensive trade deal between the United States and the United Kingdom is set to be unveiled.
- The agreement follows years of negotiations starting in 2020 and aims to ease tariffs imposed by Trump, especially the 25% on U.K. Cars and steel, amid ongoing efforts to rewire U.S. Trade policies.
- The deal is expected to reduce tariffs on key sectors such as automobile manufacturing while addressing British demands for exemptions on pharmaceuticals and protecting U.K. Food standards against U.S. Agricultural imports.
- Trump said the deal is “full and comprehensive,” adding on Truth Social that many more trade deals are in serious negotiation stages following this initial agreement.
- This trade deal marks the first bilateral agreement since Trump's tariff increases began and could symbolically support the U.K. Economy while helping Wall Street hope to stave off a potential recession caused by tariff uncertainties.
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503 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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