The UK and the US are about to reach a trade agreement, which will be signed this week, dropping tariffs on cars and steel.

GateUser-6433627c · 2025-05-06T18:12:05+00:00

Officials from the UK and the US have revealed that the two countries are about to sign a trade protocol to reduce tariffs on UK steel and car exports and lift Trump's 25% additional tariff on imported products. The protocol will help boost UK exports, but both sides still need to resolve issues regarding pharmaceuticals. The UK is willing to make concessions on the digital services tax, cut tariffs on car exports, and reduce tariffs on US agricultural products.

GateUser-6433627c

2025-05-06 18:12:05

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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)

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