Donald Trump signs a trade deal with the United Kingdom
Today, Trump announced the first deal as part of his large-scale tariff program launched last month. The U.S. President stated that his administration has reached an agreement with the United Kingdom. It is expected to lay the foundation for strong relations between the two countries for many years to come. He added that several other deals are in the final stages.
According to a Reuters report, the agreement will reduce tariffs on steel and automobiles between the U.S. and the United Kingdom. This will alleviate concerns about inflation in supply chains, which have been worrying investors in risk assets due to tariff shock.
