Historic U.S.-UK Trade Deal Eases Tariffs, Boosts Market Access

The U.S. and UK have reached a landmark trade agreement, maintaining a 10% tariff on imports from the UK while Britain will lower its tariffs and enhance U.S. market access. This breakthrough aims to ease tensions, boost exports, and foster economic growth despite ongoing challenges in global trade relations.

In a landmark move, U.S. President Donald Trump and UK Prime Minister Keir Starmer announced a new trade deal on Thursday, aimed at easing tensions and enhancing bilateral trade.

The agreement retains a 10% tariff on goods from the UK, while Britain lowers its tariffs to 1.8%, granting more access to U.S. exports.

The historic deal is set against a backdrop of strained global trade relations, with both nations striving for economic stability and growth amidst potential inflationary pressures and recession threats.

(With inputs from agencies.)