Recently, the US and UK announced they have reached a trade deal, though no formal signing occurred yet. President Trump indicated that detailed terms are being finalized, with a commitment to resolution in the coming weeks. Key elements include the retention of a 10% tariff on certain imports from the UK, while some goods may be exempt. The UK has pledged to import more American goods, specifically Boeing planes, and will lower its tariffs on US goods from 5.1% to 1.8%.
Most of the finer points yet to be announced but both sides keen to take the positives
In the coming weeks, we'll have it all very conclusive.
The 10pc tariff that Trump imposed on imports from the UK will stay in place, but some goods will be exempted.
The UK has also promised to import more American goods, including Boeing planes.
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