Displaying items by tag: economic partnership

Donald Trump is poised to announce a significant new trade agreement between the USA and the United Kingdom, marking a key step forward in post-Brexit trade relations. A ‘heads of terms agreement’ - essentially a preliminary framework - has been reached, laying the groundwork for a full trade deal. The announcement, expected from the Oval Office, follows weeks of high-level discussions amid global trade tensions. While the deal’s full details are pending, it is anticipated to address tariff reductions, particularly on UK steel and car exports, sectors hit hard by US tariffs. The British pound rose 0.4% against the US dollar following reports of the agreement. The deal comes as the USA also continues trade negotiations with other major economies, including China, South Korea, and Japan. UK officials have stressed the importance of balancing strong transatlantic ties with ongoing EU relations. The agreement is seen as a boost for UK industry and a strategic move to strengthen bilateral economic partnerships in an uncertain global climate. See also