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Originally published by Capital Business
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business
May 8, 2025
7mo ago

Trump and Starmer to unveil deal to cut tariffs

Trump and Starmer to unveil deal to cut tariffs

MAY 8 - Downing Street says Prime Minister Sir Keir Starmer will make an announcement about a deal with the US on tariffs later today. "The Prime Minister Kenya breaking news | Kenya news today |..

✨ Key Highlights

Prime Minister Sir Keir Starmer is set to announce a deal with the US to cut tariffs today, amid efforts to address the impact of Donald Trump's recent tariff increases.

  • President Trump had imposed tariffs on various trading partners, with a global 10% tariff still in effect for the UK.
  • The UK government is seeking to lower its 25% import tax on steel, aluminium, and cars.
  • A separate trade agreement was reached earlier this week between the UK and India to ease exports and cut taxes on clothing and footwear.

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