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@ReutersBizWATCH: The UK became the first country to sign a trade deal with the US since the Trump administration imposed tariffs on almost the entire world — but it seems limited in scope https://t.co/RqMNZA8Iso
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US and UK Sign May 8 Trade Deal Marking First Since Trump Tariffs Amid Experts’ Skepticism on Impact
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On May 8, 2025, the United States and the United Kingdom signed a bilateral trade agreement, marking the first such deal since the Trump administration imposed global tariffs on numerous countries. Both Washington and Downing Street praised the agreement, highlighting it as a milestone in trade relations under the current U.S. administration. The UK is the first country to reach a trade deal with the U.S.
following the widespread tariff measures introduced by former President Trump. Experts, however, have expressed skepticism regarding the deal's overall impact, suggesting that its scope and influence on broader trade dynamics may be limited. The agreement is being closely watched as a potential signal of the U.S. government's willingness to compromise in future trade negotiations, particularly with other major partners such as China and Japan, which are currently engaged in challenging tariff discussions with the U.S.
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@ReutersBizWATCH: Is the trade deal between the US and UK a signal for other countries that the US government is willing to compromise? Find out what's moving the markets with Market Talk, Reuters' daily chat with an investor, economist or market analyst https://t.co/Td3tsV2rGm
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@ReutersIs the trade deal between the US and UK a signal for other countries that the US government is willing to compromise? Find out what's moving the markets with Market Talk, Reuters' daily chat with an investor, economist or market analyst https://t.co/HjSWhgknzx
Story Timeline
•Latest version
US-UK Trade Deal Affects 0.3% of Imports With Minimal Tariff Cuts Amid WTO-Illegal Policy Concerns; UK-India Trade Targets $120 Billion
US and UK Sign May 8 Trade Deal Affecting 0.3% of Imports, Maintaining 10% Tariffs With Minimal UK Concessions
US and UK Sign May 8 Trade Deal Marking First Since Trump Tariffs Amid Experts’ Skepticism on Impact
•Original version
UK Signs First Bilateral Trade Deal With US Since Trump Tariff Impositions Amid Reciprocal Tariff Pause, Limited Scope
