UK and US Near Trade Agreement Amid Tariff Talks
The United Kingdom and the United States are reportedly close to finalizing a major trade agreement that would introduce lower tariff quotas on British steel and car exports.
The prospective deal aims to ease the impact of the 25% tariffs imposed during the Trump administration.
To move negotiations forward, the UK has offered concessions on its digital services tax and certain US imports. However, it continues to resist US demands for changes to food safety standards. Talks have also stalled over unresolved disputes related to pharmaceutical regulations.
Industry leaders in the UK have expressed concern over the potential consequences of prolonged tariffs, warning that they could cost the economy up to £7.5 billion in car exports and £400 million in steel. Despite these tensions, sources indicate that the deal could be signed within the week.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
