Latest news with #UKTrade
Fox News
09-05-2025
- Business
- Fox News
Business Rundown: Sticking Points Remain In The GOP Budget Bill
Thursday's news of a trade deal between the U.S. and the U.K. sent the stock index futures climbing, stoking hopes that trade tensions could de-escalate. Meanwhile, back in DC lawmakers are puzzling together how to keep President Trump's 2017 Tax Cuts into the 'one big, beautiful bill.' Ideas from cuts to Medicaid to a millionaire's tax have been floated to make this budget reconciliation possible but sticking points from different coalitions of Republicans remain. FOX Business' Gerri Willis breaks down the latest trade deal and obstacles left in the budget bill negotiations with former Director of the Congressional Budget Office and President of the American Action Forum, Doug Holtz-Eakin. Photo Credit: AP Learn more about your ad choices. Visit
Forbes
09-05-2025
- Business
- Forbes
This Is Why The U.K. Comes Out Far Ahead In U.S.-U.K. Trade Deal Just Announced By Trump: Economist
Matthew Martin, senior U.S. economist at Oxford Economics, joined Brittany Lewis on "Forbes Newsroom" to discuss the recently announced framework for the trade deal between the U.S. and the U.K.
Daily Mail
09-05-2025
- Automotive
- Daily Mail
BORIS JOHNSON: If Starmer now makes Britain the rule-taking, non-voting punk of Brussels, he'll face political extermination
Well, it's a start. I am not going to claim that this sudden Trump-Starmer announcement is a great new free trade deal – because everyone can see the truth. We haven't even got rid of all the new tariffs imposed in March. We still face 10 per cent tariffs on cars – much higher than they were last year. But at least they aren't 27.5 per cent. At least British steel and aluminium exporters are back where they were under Joe Biden.
Bloomberg
08-05-2025
- Business
- Bloomberg
US 'Slightly Stronger' After UK Deal
Bloomberg's Joe Mayes and Stuart Paul break down the balance of a new trade deal between the US and UK and what it says about the future of the Trump administration's trade negotiations (Source: Bloomberg)
News.com.au
08-05-2025
- Automotive
- News.com.au
‘Historic': Trump inks first post tariff trade deal
Donald Trump has announced his first post-tariff trade agreement in a major win for the US President. The US and UK said it was a 'historic deal' that would lower red tape between the two allies. But if nations, like Australia, were hoping trade deals with the White House would mean no more tariffs they will be disappointed. The US has said it will maintain the so-called 'baseline' 10 per cent tariffs with the United Kingdom. However, the UK will get a reduction on the current 25 per cent auto tariffs with those reduced to 10 per cent for up to 100,000 vehicles annually. There will also be zero tariffs on British steel and aluminium to the US which had been at 25 per cent. Airline parts produced in Britain and sent to American will also be tariff free. The UK's Rolls-Royce is one of the world's biggest aircraft engine makers. The deal is however not yet signed off and parts of the agreement still have to be worked on. On social media, Mr Trump said the agreement was part of a 'very big and exciting day' for US-UK relations. Donald Trump sad the agreement with Britain was 'full and comprehensive' and would 'cement the relationship between the United States and the United Kingdom for many years to come,' 'Because of our long time history and allegiance together, it is a great honour to have the United Kingdom as our FIRST announcement. 'Many other deals, which are in serious stages of negotiation, to follow!' The UK withdrew from the European Union in January 2020 meaning it can now ink trade deals without referring to Brussels. But the EU remains a bigger trading partner for Britain than the US. Like Australia, the UK has a trade deficit with the US meaning it buys more from American than it sells to it. Nonetheless, Mr Trump still whacked Britain with so-called 'baseline' 10 per cent tariff. It also was hit with the universal 25 per cent tariff on vehicles and steel and aluminium. Cars are the UK's numbers one expert to the US, from manufacturers like Jaguar, Land Rover, Rolls Royce and BMW's Mini line.
