Europe EditionUS and UK expected to announce deal to reduce tariffs
- The United States and United Kingdom are expected to announce a bilateral trade deal on Thursday, May 8, 2025, aimed at reducing tariffs in Washington.
- This deal follows years of negotiations starting in 2020, motivated by Brexit allowing the UK to negotiate independently and Trump's tariff hikes to boost domestic manufacturing.
- The agreement likely includes tariff relief on sectors like car manufacturing and pharmaceuticals, while the UK will maintain food safety standards excluding chlorine-rinsed chicken and hormone-treated beef.
- President Trump described the deal as “full and comprehensive” on Truth Social and promised many other trade agreements in serious negotiation stages would follow soon.
- The deal signals a political win for UK Prime Minister Keir Starmer and may offer relief to exporters, but it is limited in addressing US trade deficit concerns or reducing high tariffs on China.
508 Articles
508 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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