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The UK and the US are close to reaching a trade protocol, proposing lower tariff quotas to alleviate the impact of Trump's tariffs.
According to the Financial Times, the UK and the US are close to a trade deal that will cushion the impact of the Trump administration’s 25% tariffs on related products in February and March by setting lower tariff rates on steel and car exports. The deal is expected to be signed this week, and the UK will also make concessions on digital services tax, US auto and agricultural tariffs. However, British officials believe that the content of the agreement is still relatively limited, and negotiations are still hampered by disagreements in the field of medicine.