Trump confirms trade deal with United Kingdom
US President Trump and British PM Keir Starmer on Thursday announced a “breakthrough deal” on trade that leaves in place a 10% tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods.
The agreement announced by Trump from the Oval Office marked the first since Trump triggered a global trade war with a barrage of levies on trading partners following his return to the White House in January.
The US has been under pressure from investors to strike deals to de-escalate its tariff war.
Trump said the pact was ‘maxed out’ as the UK ambassador called it a starting point.
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