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The recent trade deal between the UK and the US marks a significant achievement for Prime Minister Sir Keir Starmer and his government. The UK has been eager for this agreement since the wave of global tariffs unleashed by former President Donald Trump. Negotiations had been ongoing, with talks indicating that a deal was in the works, but the timing of President Trump’s approval was uncertain.
The UK-US trade deal comes shortly after the full free trade agreement between the UK and India, which is projected to boost bilateral trade by £25.5bn and increase UK GDP by £4.8bn annually. This achievement is a political win for Prime Minister Starmer, who had been facing pressure to reconsider domestic policies following a disappointing set of local election results for the Labour party.
President Trump hinted at the trade deal in a social media post, describing it as a “MAJOR TRADE DEAL.” While the specifics of the deal are yet to be fully revealed, it is likely to focus on reducing tariffs on specific goods. The UK’s top trading partner is the US, with close to £200bn in British exports. Currently, UK goods face a 10% tariff when imported to the US, with additional tariffs on steel, aluminium, cars, and car parts.
The opposition and Liberal Democrats are calling for scrutiny of the US-UK trade deal, emphasizing the importance of parliamentary review to ensure it aligns with national interests. Additionally, there has been a focus on the relationship between Sir Keir and President Trump, with questions raised about the dividends reaped from their interactions. The trade deal serves as a response to these inquiries, showcasing a tangible outcome of the UK’s diplomatic efforts
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