The Wall Street Journal is gated, but Reuters have the gist of the report:
- US will aim for the U.K. to reduce its automotive tariff from 10% to 2.5%
- US will also push UK to relax rules on agricultural imports from the US, including beef, and revise rules of origin for goods from each nation
WSJ cites unnamed sources for what is in the US negotiation terms for trade talks with the UK.
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ps. the big news from earlier, two major policy reversals from Trump:
- Trump backing away from tariffs, backing away from firing Powell – will it last?
- Trump says he has no plans to Fire Federal Reserve Chair Powell
- Trump says he is going to be very nice to China, they have to make a deal
This article was written by Eamonn Sheridan at www.forexlive.com.
