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What is in the new US-UK trade deal?
The "breakthrough" US-UK trade deal announced Thursday (May 8) by President Donald Trump is the first agreement to be unveiled since he slapped steep tariffs on allies and adversaries alike on Apr 2. The 10 per cent "baseline" tariff imposed on most US trading partners in early April remains in effect for most goods, with the largest reductions in trade barriers coming on items recently subjected to new sector-specific tariffs of 25 per cent. The new deal includes "billions of dollars of increased market access for American exports", Trump said during the Oval Office announcement, which was attended by Peter ... (full story)