The U.S. and U.K. have reached an initial agreement on a trade deal focusing on tariffs and market access, known as the U.S.-UK Economic Prosperity Deal, though it is not yet legally binding. The framework includes maintaining a 10% tariff on U.K. imports while reducing U.K. tariffs on U.S. goods. It aims to enhance market access for U.S. agricultural products and outlines terms for various industries, including automotive and pharmaceuticals. Finalization is pending, with discussions on other trade policies ongoing with countries like Japan and China.

Source: https://www.supplychaindive.com/news/us-trade-deal-uk-tariffs-donald-trump/747521/