- The UK and the US are reportedly close to securing a trade deal aimed at mitigating the impact of Donald Trump’s tariffs, with negotiations occurring in Washington.
- The potential agreement may involve quotas exempting certain UK exports, like cars and steel, from tariffs, in exchange for UK concessions on its digital services tax affecting US tech firms like Meta and Amazon.
- While the UK is said to be offering concessions on tariffs for US car exports and agricultural products, ministers insist they will not compromise on food production standards, ruling out imports of chlorine-washed chicken and hormone-treated beef.
- Labour MPs have warned the government against favouring US tech companies with the digital services tax, with some describing potential concessions as "extractive politics."
- The UK recently unveiled a £25 billion trade agreement with India, lowering tariffs on UK exports like whisky, gin, and cars, but ministers have denied claims that the deal undercuts British workers.
IN FULL
US-UK trade deal with lower tariffs on cars and steel ‘could be signed this week’
