<ul><li>The UK-US trade deal announced on Thursday fell short of the expectations set during a phone call between Donald Trump and Keir Starmer, but it brings relief for sectors like car exports and lifts tariffs on steel and aluminium.</li><li>While the deal maintains a 10% tariff on all exports, Trump implied this would apply to all countries, preventing UK goods from facing a competitive disadvantage.</li><li>In exchange for minor concessions from the UK, such as opening up the market for US agricultural goods, the deal is seen as a win for the UK without major sacrifices.</li><li>The agreement is expected to have a limited direct impact on the UK economy, but it could help alleviate uncertainties and signal potential negotiation openings with other US trading partners.</li></ul>

New UK-US trade deal is a relief for Starmer but doubts, and tariffs, remain

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