Trump to Announce U.S.-UK Trade Deal Maintaining 10% Tariffs, Focusing on Automobiles and Steel

The U.S. and the UK have reached a trade agreement that will maintain the existing 10% universal tariffs on imports, according to reports from CNN and statements from US and UK officials. This deal, set to be announced by President Donald Trump, is described as limited in scope and focused on future commitments rather than immediate tariff reductions. The agreement will not roll back the 10% tariffs imposed by the U.S. on most imported goods from the UK, which were part of a broader baseline tariff applied to all nations. The deal is expected to concentrate on specific sectors such as automobiles and steel, areas central to ongoing trade tensions, according to the Financial Times. Despite President Trump's claims of a 'full and comprehensive' deal, UK officials have indicated that the agreement will set out general terms and focus on specific sectors, rather than being a traditional free trade agreement. This suggests a framework for further negotiations rather than a comprehensive pact. Additionally, the deal does not address the 25% tariffs on steel and aluminum, nor the UK's digital tax on tech giants.