💨 Abstract

The United States and Britain are set to announce a trade deal that will reduce tariffs imposed by President Donald Trump, serving as a political win for Prime Minister Keir Starmer. Trump initially imposed tariffs on British imports, aiming to boost domestic factory jobs. The prospective deal is significant for British exporters but won't resolve Trump's concerns about global trade deficits. The U.S. had a $11.9 billion trade surplus with the U.K. in 2024.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖