JUST IN: US & UK on Verge of New Trade Deal

The United States and the United Kingdom are expected to sign a new trade agreement this week, marking a major shift in transatlantic economic relations. The deal, currently being finalized in Washington, aims to resolve ongoing tensions caused by U.S. tariffs on British steel and automotive exports—some as high as 25%.

In response, the UK has pushed for lower-tariff quotas and greater access for its exports, especially in key sectors like luxury cars and steel manufacturing. In return, the U.S. is seeking concessions on the UK's Digital Services Tax and improved access to British markets for U.S. agricultural and automotive products.

However, some sticking points remain. The UK continues to reject imports that don’t meet its food safety standards, including chlorine-washed chicken and hormone-treated beef. The pharmaceutical sector is also a topic of concern, with industry leaders calling for more competitive tariff structures.

President Trump has expressed confidence that a “very good trade agreement” will be reached, as both countries aim to boost economic ties amid shifting global dynamics.

This potential deal could offer much-needed relief to UK exporters while reinforcing political and economic cooperation between two of the world’s largest economies.

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