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Trump announces framework with UK, lowering trade barriers

Josh Wingrove, Hadriana Lowenkron, Alex Morales and Jennifer A. Dlouhy / Bloomberg
Josh Wingrove, Hadriana Lowenkron, Alex Morales and Jennifer A. Dlouhy / Bloomberg • 6 min read
Trump announces framework with UK, lowering trade barriers
The British pact may provide clues for the shape of potential future agreements with other economies / Photo: Bloomberg
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US President Donald Trump announced a trade framework with the UK, hailing it as a “breakthrough” that will bring down barriers and expand market access for American imports.

“I’m thrilled to announce that we’ve reached a breakthrough trade deal with the United Kingdom,” Trump said Thursday in the Oval Office.

Trump said full details of the pact would still be negotiated over the coming weeks. But under the agreement, the UK would fast-track American goods through their customs process and reduce barriers on agricultural, chemical, energy and industrial exports.

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