On May 7, according to the Financial Times, UK and US officials said that the UK and the US are about to reach a trade agreement that will provide lower tariff quotas for UK steel and car exports. The agreement will be signed this week and will exempt certain UK export goods from the full impact of the 25% additional tariffs imposed by Trump on steel and car imports in February and March. A senior UK official stated that negotiations are still “moving quickly” and reminded that there are still differences between the two sides on drug issues. The UK’s proposals include concessions to Washington on digital services taxes, reductions in tariffs on US car exports, and drops in tariffs on US agricultural products. (Jin10)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The UK and the US are about to reach a trade agreement, which will be signed this week, dropping tariffs on cars and steel.
On May 7, according to the Financial Times, UK and US officials said that the UK and the US are about to reach a trade agreement that will provide lower tariff quotas for UK steel and car exports. The agreement will be signed this week and will exempt certain UK export goods from the full impact of the 25% additional tariffs imposed by Trump on steel and car imports in February and March. A senior UK official stated that negotiations are still “moving quickly” and reminded that there are still differences between the two sides on drug issues. The UK’s proposals include concessions to Washington on digital services taxes, reductions in tariffs on US car exports, and drops in tariffs on US agricultural products. (Jin10)