The U.S. and the United Kingdom are set to finalize a comprehensive trade deal, according to CNBC. The deal marks the first agreement announced since Trump’s imposition of steep “reciprocal” tariffs in April. Trump confirmed the deal Thursday via Truth Social, calling it a “full and comprehensive” pact that will “cement” ties between the two allies. A spokesperson for U.K. Prime Minister Keir Starmer said the U.S. is a vital ally and that trade talks have progressed quickly. Britain avoided the steepest of Trump’s “reciprocal” tariffs but was still subject to a baseline 10% levy despite its trade deficit with the U.S.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. and United Kingdom are set to finalize a comprehensive trade deal, according to CNBC.
00:07Deal marks the first agreement announced since Trump's imposition of steep reciprocal tariffs
00:12in April. Trump confirmed the deal Thursday via Truth Social, calling it a full and comprehensive
00:17pact that will cement ties between the two allies. Spokesperson for U.K. Prime Minister Keir Starmer
00:23said the U.S. is a vital ally and the trade talks have progressed quickly.
00:27Britain avoided the steams of Trump's reciprocal tariffs, but was still subject to a baseline
00:3210 percent levy despite its trade deficit with the U.S.
00:35For all things money, visit Benzinga.com slash GSTV.