UK closes in on US trade pact with lower tariff quotas for cars and steel

The UK and US are nearing a trade agreement aimed at mitigating the impact of Donald Trump’s tariffs on UK steel and car exports, with a deal expected to be signed this week. Negotiations continue over various issues, including pharmaceuticals, while the UK seeks to secure lower tariffs and has proposed concessions on the digital services tax and US agricultural products. The UK steel and auto industries face significant pressures from these tariffs, with calls for urgent action to protect exports that have already seen a sharp decline since 2017.