On Thursday, a trade agreement between the US and UK is expected to be announced, potentially reducing tariffs on the UK's exports to the US. President Trump hinted at a 'major trade deal,' emphasizing that this would be the first of many. The UK government has been actively pursuing this deal, especially to alleviate the 10% tariffs on its goods introduced on 'Liberation Day'. The deal may also involve the UK reducing its digital sales tax. This agreement positions the UK as a pioneer in easing trade tensions with the Trump administration.
President Donald Trump announced a major trade deal with the UK, set to reduce tariffs and enhance economic relations, marking the first agreement post-tariff announcements.
As the first country to ease economic tensions with Trump, the UK aims to lower tariffs originally imposed as part of the President's sweeping trade measures.
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