Overview
- President Trump is set to unveil universal tariffs on imports, potentially imposing a 20% levy, which could significantly impact the UK economy.
- The UK government is pursuing an 'economic prosperity deal' with the US to mitigate the effects of the tariffs but has yet to secure an agreement.
- While the UK insists that food standards and animal welfare remain non-negotiable, it has not ruled out concessions on agriculture, including lowering tariffs on US meat imports.
- US Republicans are pushing for greater access to UK markets for agricultural products, including gene-edited crops and advanced agri-tech, as part of the trade negotiations.
- The National Farmers’ Union has raised concerns about potential compromises on food standards, warning of economic pressures on British farmers from increased competition.