US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs "This morning I am thrilled to announce that we have reached a trade deal with the UK. "The agreement emphasises the importance of reciprocity and fairness in international trade relations and enhances access for American agricultural products , according to Trump, although he indicated that the final documentation was still in progress. "The final details are being written up," Trump stated in the Oval Office. "The last meeting between Starmer and Trump occurred during a White House visit in February.A major goal of British negotiators has been to reduce or lift the import tax on UK cars and steel, which Trump set at 25%. The $68 billion in goods that the US imported from the UK last year accounted for just 2% of all goods imported into the country.

Source: The Times May 08, 2025 16:58 UTC