UK, US to reach trade deal this week, lowering tariffs on cars and steel

Britain and the United States are close to agreeing a trade deal that would provide lower tariff quotas for British steel and car exports, British and American officials said, according to the Financial Times. The deal, which will be signed this week, would exempt some British exports from the full impact of the additional 25 percent tariffs Trump imposed on steel and car imports in February and March. A senior British official described talks as still "moving fast", and cautioned that the two sides remain at odds over pharmaceuticals. Britain's proposals include concessions to Washington on a digital services tax, a cut in tariffs imposed on U.S. car exports, and a reduction in tariffs on U.S. agricultural products.