When the UK became the first country to reach a trade agreement with the US in May, after President Donald Trump’s announcement of sweeping “reciprocal” tariffs, it was hailed as a blueprint for other key US trading partners.
But almost two months passed before a second country — Vietnam — was able to strike a deal. Meanwhile, details of the UK accord are still unclear, unconfirmed or subject to potential revision.
Britain is fighting to secure a carve-out from higher steel tariffs, for example, but Trump’s executive order explicitly reserves the right to reimpose 50 per cent duties if “he determines” the UK is not complying with a promise to reduce the role of China in its supply chains.
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