The Zhitong Finance App learned that US President Trump announced at the White House on May 8 that the US and Britain have reached a new trade agreement to partially withdraw tariffs in specific areas and further expand market access for products from both sides. However, many details of the agreement have yet to be finalized, and the 10% so-called “equal tariff” previously imposed by the US side has not been lifted. Trump said the final details of the agreement will be finalized in the next few weeks.

The Zhitong Finance App learned that US President Trump announced at the White House on May 8 that the US and Britain have reached a new trade agreement to partially withdraw tariffs in specific areas and further expand market access for products from both sides. However, many details of the agreement have yet to be finalized, and the 10% so-called “equal tariff” previously imposed by the US side has not been lifted. Trump said the final details of the agreement will be finalized in the next few weeks.