U.S. and UK Forge New Trade Zone Amidst Tariff Measures

The U.S. and UK are forging a new trade zone for aluminum and steel, as part of a broader shift in their economic relationship. This agreement, announced on May 8th by President Trump and Prime Minister Starmer, includes new tariffs to boost domestic manufacturing and fuel the aerospace industry. While this move is expected to generate an additional $6 billion in revenue for the U.S., it also raises concerns about increased costs for downstream sectors like construction and manufacturing.