Overview

• The UK government is urgently negotiating with the US to secure a trade agreement ahead of the April 2 'Liberation Day' tariff deadline announced by President Trump.
• Trump's planned 25% tariffs on UK automotive imports could significantly impact the British economy if no deal is reached.
• Prime Minister Keir Starmer and Business Secretary Jonathan Reynolds have engaged directly with US officials, including a recent phone call between Starmer and Trump.
• The UK may consider scrapping its digital services tax on tech giants as a concession to secure a deal, though this could have domestic financial implications.
• The potential agreement, described as an 'economic prosperity deal,' is critical for post-Brexit economic stability but must also avoid straining UK-EU trade relations.