UK-US Trade Deal Edges Closer to Finalization Amidst High-Level Talks

In a significant move towards enhancing bilateral trade relations, Britain and the United States are on the verge of finalizing a trade deal that was agreed upon last month. Prime Minister Keir Starmer expressed optimism about the imminent implementation ahead of his meeting with U.S. President Donald Trump in Canada.

The deal, which covers key sectors such as steel, ethanol, automobiles, and beef, has been completed in principle. It now awaits a formal proclamation by President Trump to establish an effective date. Well-placed sources indicate that preparations for the proclamation have been completed, but it remains uncertain whether it will be signed during the leaders' meeting.

This agreement marks Britain's milestone as the first country to secure reduced tariffs from the Trump administration. In a collaborative gesture, the U.S. will lower its tariffs on UK cars, aluminium, and steel, while Britain agrees to reduce tariffs on U.S. beef and ethanol. However, final implementation hinges on resolving certain delays and finalizing the terms.

(With inputs from agencies.)