US, UK Set to Sign Trade Deal This Week With Tariff-Rate Quotas on Steel, Cars and Digital Tax Concessions

The United States and United Kingdom are nearing an agreement on a trade pact that would reduce tariffs on key sectors, with the deal expected to be signed this week, according to multiple reports including the Financial Times and statements by UK officials. The proposed agreement would provide the UK with tariff-rate quotas that spare some British steel and automobile exports from the full impact of the 25% tariffs imposed by US President Donald Trump. In exchange, the UK is expected to offer concessions such as easing its Digital Services Tax and lowering tariffs on American cars and agricultural goods. Negotiations have progressed in recent days, with both remote and in-person discussions taking place. However, the timing of the final agreement remains uncertain, as US Treasury Secretary Besant and President Trump have signaled differing views on the timeline. Talks on the UK's Digital Services Tax are ongoing, and the situation is described as optimistic but still fluid by officials. A UK government spokesperson stated that negotiations are continuing, and declined to comment on the expected timing of an agreement. India has reportedly offered zero-for-zero tariffs, according to President Trump. No official comment has been made regarding the timing of the US-UK deal.