#trade-deal

#trade-deal

They've got concerns around global imbalances; we share a lot of those concerns, and I think building up personal relationships is something that Prime Minister Sir Keir Starmer has done incredibly well with Donald Trump, but also right through our government and their administration building up those relationships: myself with Scott Bessant; our business secretary with Howard Lutnick; but also the prime minister's business advisor Varun Chandra, the work that he's done both with Ambassador [Jamieson] Greer and with Howard Lutnick.

Toyota estimates a $9.5 billion profit reduction this year due to Trump tariffs on imported cars, representing the largest impact forecast among major automakers.

President Trump outlined details of the framework trade deal with the EU, mentioning a small tariff on pharmaceuticals that will increase significantly over the next one to one and a half years.

On Sunday, US Commerce Secretary Howard Lutnick emphasized the importance of the August 1 deadline, stating, "No extensions, no more grace periods. August 1, the tariffs are set, they'll go into place." This statement underscored the urgency and finality of the negotiation process.

United States President Donald Trump said he has reached a trade deal with the Philippines, charging it 19 percent tariff rate for goods it exports to the US.

Jaguar Land Rover plans to cut up to 500 management jobs in the UK, amounting to about 1.5% of its workforce, due to a 15.1% sales drop.

The EU is willing to accept Trump's 10% blanket tariffs in exchange for an extension in talks and possible concessions on a 25% car tariff.

Japan's Chief Cabinet Secretary Yoshimasa Hayashi announced that final details are being completed for resuming seafood exports to China, marking a significant event after a two-year ban.