US President Donald Trump announced a trade framework with the UK, which will bring down barriers and expand market access for American imports, including agricultural, chemical, energy, and industrial exports.
The agreement will allow UK manufacturers to send 100,000 cars into the US under a 10% tariff, and British farmers will be given a tariff-free quota for 13,000 metric tons of beef, among other benefits.
The deal is seen as a breakthrough and a potential blueprint for future agreements with other economies, but some key details still need to be worked out, including the UK’s digital services tax and remaining levies. Bloomberg’s Enda Curran and Joe Mayes report.
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News post in May 9, 2025, 12:05 am.
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