The details of an economic deal between the US and the UK to eliminate a series of tariffs impacting British businesses have been revealed. The agreement is the first of its kind struck by the US since President Donald Trump came to power in January. #US #DonaldTrump #tradedeal #UK
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00:00Hello, I'm Greg Wright of the Yorkshire Post and the details of an economic deal between the US and the UK to eliminate a series of tariffs affecting UK businesses have been revealed.
00:14Here are some of the key points of this deal.
00:17The US has removed the 25% tariff rate on UK steel and aluminium exports, reducing the trade barrier for these goods to zero.
00:29Under the plan, the UK will promptly begin work to meet the US requirements for securing supply chains of steel and aluminium products.
00:39This agreement will offer a reprieve to Britain's steel industry, which only weeks ago was on the verge of collapse.