Trump, Starmer hail ‘historic’ US-UK trade deal, but 10pc tariffs on British exports remain unchanged

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Trump, Starmer hail ‘historic’ US-UK trade deal, but 10pc tariffs on British exports remain unchanged - Malay Mail

Quick Summary:

Starmer says historic’ deal to expand US-UK trade Deal opens a tremendous market’ for the US — Trump Deal is firs...

The “general terms” agreement is the first of dozens of tariff-lowering deals that Trump expects to land in coming weeks after upending the global trading system with steep new import taxes aimed at shrinking a US$1.2 trillion (RM5.1 trillion) US goods trade deficit.

A UK official told reporters that the United States and the United Kingdom have more serious work to do, and noted the deal did not include Washington’s demand for restructuring of Britain’s digital services tax, levied at 2 per cent of UK revenue for online marketplaces.