UK trade deal could happen 'very quickly', tariffs may be avoided: US

The United Kingdom may avoid tariffs by Trump if such a deal is signed.

"I think we could very well end up with a real trade deal where the tariffs wouldn't be necessary. We'll see," Trump was quoted as saying by global media reports.

Referring to an economic, rather than a trade deal, Starmer said both countries would begin work on an agreement centred on the potential of artificial intelligence (AI).

"Instead of over-regulating these new technologies, we're seizing the opportunities they offer," he said. The US-UK trade relationship was ‘fair, balanced and reciprocal’, he added.

In his first term as president, Trump had said talks about a trade deal with the United Kingdom were under way. However, negotiations stalled with disagreements over US agricultural exports and UK taxes on tech companies causing problems.

ALCHEMPro News Desk (DS)