Headlines

UK seeks to speed up implementation of US trade deal, FT reports

Published by Global Banking and Finance Review

Posted on May 29, 2025

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(Reuters) -Britain will hold talks with the United States next week to try to speed up implementation of a trade pact between the two sides, the Financial Times reported on Thursday.

U.S. President Donald Trump and British Prime Minister Keir Starmer on May 8 announced a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports.

Reuters could not immediately confirm the report.

A U.S. trade court blocked most of Trump's tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Muralikumar Anantharaman)

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