#us-uk-trade

#us-uk-trade

The UK's Food and Drink Federation recently released data on imports and exports for the first half of 2025 - and it sure looks like Americans are picking up more of a taste for imported gin. Placing ninth on the Federation's list of top 10 exports for the first six months of 2025 was gin, with the volume shipped up 6.3% from a comparable period in 2024. The value of this gin was also up significantly from the same period last year - specifically, by 17.6%.

"This Tech Prosperity Deal marks a generational step change in our relationship with the US, shaping the futures of millions of people on both sides of the Atlantic," he said in a statement. "By teaming-up with world-class companies from both the UK and US, we're laying the foundations for a future where together we are world leaders in the technology of tomorrow, creating highly skilled jobs, putting more money in people's pockets and ensuring this partnership benefits every corner of the United Kingdom."

US President Donald Trump stated that the chances of reaching a trade deal with the EU are currently at a precarious 50-50, with obligations to reduce EU tariffs.

The UK's Digital Services Tax (DST) remains unchanged as part of the US-UK trade deal, focusing on tariffs on steel and aluminum.

The markets are breathing a sigh of relief on positive trade developments, including a comprehensive trade agreement that slashes U.K. tariffs, boosting stock gains.