UK and US Near Trade Deal: Tariff Reductions for Steel, Auto Exports

Officials in the UK and the US are nearing an agreement that would reduce trade barriers, particularly for steel and auto exports. This deal is expected to be finalized this week, providing relief from tariffs imposed by former President Trump. The existing 25% tariff on imported steel and automotive goods were introduced in February and March. The proposed agreement would eliminate these tariffs, promoting greater trade between the two nations.