The US trade deal that London has been chasing for years is closer to reality now, after US Vice President JD Vance told UnHerd on Monday that there is a “good chance” that an agreement is possible.
UK Business and Trade Minister Sarah Jones alsosaid the negotiations are in a “good position,” but refused to divulge any timeline.
One major reported focus of the talks is the UK cutting its “tech tax” on the revenues of major digital firms in return for lower tariffs, although the sides are reportedly negotiating terms that go beyond this.
Back to being “special.” The United Kingdom escaped Trump’s “liberation day” with only the Administration’s general 10% tariff, albeit only because the UK doesn’t have a trade surplus with the US. A free trade deal would leave few or no tariffs on its US-bound exports.
A win for a Remainer and the Brexiteers. A trade pact would mark a big victory for UK Prime Minister Keir Starmer — his predecessors have failed to land a deal ever since Britain voted to leave the European Union in 2016. The idea was to replace the UK’s continental trade partners with the US, the world’s largest consumer market. Pro-Brexit politicians like Nigel Farage had long promised that Brexit would result in just such a US trade accord.
The irony: it’s finally within sight, thanks, no less, to Starmer, a prominent Remainer.With close ties to both the US and China, can Singapore survive in an increasingly fragmented and chaotic world? Singapore’s President Tharman Shanmugaratnam joins Ian Bremmer on the GZERO World Podcast.
Think you know what's going on around the world? Here's your chance to prove it.
This week, Prime Minister Keir Starmer became the first UK leader to visit China in eight years. His goal was clear: build closer trade ties with Beijing.