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The US and UK have signed a trade agreement reducing tariffs on British auto and aerospace imports, promising economic benefits while steel tariff discussions continue.
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British PM Keir Starmer is optimistic about reducing U.S. tariffs on British steel imports to zero, following a bilateral agreement with the U.S. to avoid a potential increase to 50% by July.
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The UK textile industry faces potential insolvency increases due to a new trade agreement with India, leading to heightened competition from low-cost Indian manufacturers.
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The British steel industry is awaiting detailed information on the timeline for the removal of US tariffs, as outlined in a recent trade agreement promising to reduce duties from 25% to 0%.
The Specialised Committee for Public Procurement under the Trade and Cooperation Agreement (TCA) between the UK and EU meet annually from October 2021.
This year’s edition is the second in the publication series to cover the UK as a non-Member State. It gives a breakdown of the invoices received from the EU, setting out payments made in 2022. It then covers the UK’s processes to verify that the invoices are correct. Although mostly backward looking, the Statement also provides a forecasted estimate of the UK’s total outstanding liability.
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Discover how the UK-India free trade agreement aims to increase bilateral trade by £25.5 billion, with major tariff reductions across various sectors.
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Delays in US tariff relief for British steel and other allies continue to harm global trade, with industries facing financial losses and uncertainty.
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British Airways' $10 billion order for 32 Boeing 787 jets strengthens UK-US trade relations and highlights the resilience of the North Atlantic travel market.
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The UK has started a consultation to develop future trade defense measures for the steel industry, focusing on stakeholder insights and industry support.
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Jaguar Land Rover pauses U.S. shipments to evaluate the impact of a 25% tariff on imported vehicles, affecting the UK automotive industry.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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The US and UK have signed a trade agreement reducing tariffs on British auto and aerospace imports, promising economic benefits while steel tariff discussions continue.