Britain Secures Groundbreaking Deal in Trump's Trade War

Britain has signed a major agreement with the U.S., notably reducing tariffs on car and steel exports, marking the first deal since Donald Trump's trade war began. Meanwhile, the Bank of England's policymakers are divided on interest rate changes, and the EU threatens new tariffs if talks fail.

BRITAIN SECURES LANDMARK DEAL AS TRUMP'S TRADE WAR CONTINUES

In a significant development, the United Kingdom has successfully struck the first deal with the United States amidst the ongoing trade war initiated by former President Donald Trump. The newly clinched agreement brings about reduced tariffs on car and steel exports, although it fails to alter a static 10% levy across a range of goods.

DIVIDED BANK OF ENGLAND CASTS UNCERTAINTY ON RATE CUTS

Surprising investors, the Bank of England's policymakers are in a three-way split concerning interest rate adjustments. The unexpected division dimmed prospects of a hurried cut in interest rates, despite global trade instability potentially calling for such fiscal measures.

EUROPEAN UNION'S ESCALATING TARIFF THREATS ALARM US EXPORTERS

The European Union has issued a stark warning, proposing tariffs on $106.63 billion of U.S. exports, including automobiles and parts, should Washington negotiations falter. This comes amid Smiths Group's strategic move to divest its electrical connectors division valued at $1.32 billion, signaling dynamic shifts in the UK's economic landscape.

(With inputs from agencies.)