UK towards US Trade Agreement

British Prime Minister Sir Keir Starmer is expected to announce today an important trade agreement with the United States aimed at lowering customs duties on British products.

The news has been confirmed by Downing Street, stressing that “the prime minister will always act in national interest to the British workers, businesses and families”.

The deal comes after US President Donald Trump imposed new tariffs on almost every country in the world last month, including a 10% global fee and a 25% tax on steel, aluminum and vehicles entering the US from Britain, Reuters reports, the Periscopi broadcast.

President Trump aludoi for the new agreement in a post on social networks Wednesday evening, citing a “major trade agreement” with a highly respected “country”.

According to reports, the US is also in advanced talks on similar agreements with India and Israel, while negotiations are continuing with other countries like Japan, South Korea and Vietnam. The goal of the Trump administration is to reshape the global trade system through new bilateral agreements.

In another important development, the US and China will launch negotiations next week in Switzerland to reduce trade tensions between the world's two largest economies. This will be the first time top officials of the two countries have met since President Trump's inauguration in January.

Meanwhile, Britain and India have signed a trade agreement earlier this week facilitating British exports of whiskey, cars and other products to India, while lowering rates for Indian clothing and shoes.

The new US agreement is expected to have a major economic impact on Britain, especially on the conditions of global trade challenges and tensions between the major world powers.