US & UK Expected to Sign New Trade Agreement This Week
The ongoing global economic landscape is set to enjoy a major development as the US and UK are expected to sign a new trade agreement this week. Indeed, both sides are closing in on a new deal that will feature lowered tariffs on both UK steel and car exports. The new agreement is reportedly set to offer some relief from US President Donald Trump’s ‘Liberation Day’ tariff plan that debuted in early April. Specifically, it will feature new quotas that “spare some UK exports from the full brunt” of the 25% tariff, according to a report from The Financial Times JUST IN: US & UK expected to sign new trade agreement this week. — Watcher.Guru (@WatcherGuru) May 6, 2025 Also Read: BRICS: India Agrees to Drop Tariffs on the US The UK and US Closing in on New Trade Deal Early Tuesday, news broke that the United Kingdom and India reached a landmark free trade agreement. The development was set to benefit the former in a major way, as consumers were set to get a repr...