Europe EditionUS and UK expected to announce deal to reduce tariffs
- A trade agreement between the U.K. And the U.S. Is scheduled to be unveiled on Thursday, May 8, 2025, in Washington D.C.
- The deal follows the UK's 2016 vote to leave the European Union, which allowed independent trade negotiations, including seeking tariff relief on autos and steel.
- The agreement aims to reduce some of President Trump's 25% tariffs on U.K. Cars and steel, while the U.S. Seeks better access for its agricultural products in the UK market.
- Last year, the United States imported $68 billion worth of goods from the United Kingdom, representing 2% of the country’s total imports, and recorded a $11.9 billion surplus in goods trade with the UK in 2024, according to official data.
- The agreement would serve as a symbolic success for the British Prime Minister and endorse Trump's economic policies, but it is expected to offer tariff reductions only for specific industries and is unlikely to address the broader issue of trade imbalances.
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'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...
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