Washington D.C. - President Trump announced a new trade deal framework between the United States and the United Kingdom from the Oval Office. The agreement, which aims to strengthen economic ties between the two nations, was praised by the President as a step towards "reciprocity and fairness."
However, the current framework maintains a 10% tariff on select goods traded between the countries. Details regarding which specific items are affected by these tariffs remain unclear. Officials from both the US and the UK are expected to continue negotiations in the coming weeks to address these remaining tariffs and potentially broaden the scope of the trade agreement. The long-term impact of this deal on businesses and consumers in both countries is still being assessed.
US and UK Reach Trade Deal Framework, Tariffs Remain on Select Goods
The United States and the United Kingdom have agreed on a framework for a new trade deal. President Trump announced the agreement, emphasizing "reciprocity and fairness." While hailed as a positive step, the deal retains 10% tariffs on some goods. Negotiations are ongoing to address these remaining trade barriers and expand the agreement.
Source: Read the original article at CBS