US-UK trade announcement: “this isn’t a deal, it’s an amuse-bouche” May 9, 2025 The morning after the US-UK trade agreement was announced, experts are beginning to wrap their heads around what the deal entails, and reactions are trickling in. The overriding sense is that in the absence of any granular detail on what the deal means for several industries, there is still hope that the UK government can [...]
Bailey: Benefits of UK-US trade deal will depend on other agreements May 9, 2025 Bank of England Governor Andrew Bailey has heralded the trade deal struck between the UK and US as “good news”, but cautioned that the UK’s economic prospects will still depend on agreements the US reaches with other trading partners. Speaking at an event in Reykjavik, Bailey welcomed the partnership announced by Donald Trump and Keir [...]
Is the UK-US trade deal a win for Starmer? May 9, 2025 In what has been hailed by trade experts as “the biggest week for UK trade since Brexit,” the UK has struck the long-awaited trade deal with the US, just over a month after – so-called ‘Liberation Day’ – tariffs were announced. This is the US’ first bilateral deal since these tariffs were imposed. But it’s [...]
Analysis: What is in the US-UK trade deal and what does it mean? May 8, 2025 The US administration has offered the UK its first trade deal since President Trump turned global trade on its head last month. The UK government will see the deal as a win, at least symbolically, while Bank of England Governor Andrew Bailey hailed news of a trade deal as “excellent”. Chancellor Rachel Reeves said reducing [...]
Keir Starmer strikes ‘historic’ deal with US in bid to swerve tariffs May 8, 2025 Keir Starmer has unveiled a new deal between the US and the UK, making Britain America’s first major trading partner to partially swerve the looming threat of tariffs. US president Donald Trump last month unveiled sweeping tariffs on major economies across the world, including a 10 per cent tariff on goods imports from the UK [...]
Rolls-Royce: Shares in FTSE 100 giant rally on trade deal hopes May 8, 2025 Shares in Rolls-Royce were driving the FTSE 100’s gains on Thursday as the UK looked poised to secure a trade deal with the US. Shares in the Derby-headquartered group were trading up three per cent at 790.60p in early deals, closing in on its all-time high The firm, which triumphed as Business of the Year [...]
Trump poised to announce US trade deal with UK May 8, 2025 President Trump will announce a US-UK trade deal today, according to a New York Times report which has since been backed up by Sky News. In a post on X, Sky News’ Sam Coates said that the claims are “substantive”, and that the announcement today would be “a ‘heads of terms’ agreement rather than the [...]
UK edges closer to US trade deal for cars and steel May 7, 2025 The UK is coming close to agreeing a trade deal with the US that would see president Donald Trump’s tariffs on motor and steel exports slashed, according to reports. The additional 25 per cent tariffs that Trump instituted on steel and car imports earlier this year are expected to be reduced in a deal later [...]
UK-India trade deal ‘transformational’ for Scotch whisky market May 6, 2025 The newly-announced trade deal between the UK and India has been lauded as “transformational” in opening Scotch up to the world’s largest whiskey market. Under the terms of the deal, the UK’s 150 per cent tariff on Scotch Whisky will be halved to 75 per cent, with the potential for further reductions in the coming [...]