Most of the finer points yet to be announced but both sides keen to take the positives
US president Donald Trump and Peter Mandelson, British ambassador to the US, in the Oval Office on Thursday. Photo: Getty
Have the US and the UK actually signed a trade deal? Nothing was signed, as you expect on these “historic” occasions. The two countries announced that a deal has been reached, but “the final details are being written up”, US president Donald Trump said in the Oval Office. “In the coming weeks, we’ll have it all very conclusive.”
What are the basics of this deal? The 10pc tariff that Trump imposed on imports from the UK will stay in place, but some goods will be exempted. The UK has also promised to import more American goods, including Boeing planes, and it has agreed to reduce its tariffs on US goods from 5.1pc to 1.8pc.
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