Illinois-UK Trade Agreement

Trump Announces US-UK Trade Deal: Skepticism and Uncertainty Reign

A preliminary agreement on a US-UK trade deal is expected to be announced by President Trump. This “heads of terms” agreement represents a significant step toward a full trade deal, according to a government source. The announcement, scheduled for Thursday, follows recent meetings between senior Trump officials and UK representatives. The deal is anticipated to address tariffs on steel and cars, and this news has already caused a rise in the value of the British pound.

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Illinois Governor Signs Trade Agreement with UK

Illinois Governor JB Pritzker solidified economic ties by signing a trade agreement with the United Kingdom, focusing on climate-conscious manufacturing and equitable economic opportunities. This follows a similar agreement with the State of Mexico, furthering Illinois’ global trade partnerships. The UK agreement aims to boost trade between the two entities, with Illinois exporting over $2.6 billion in goods to the UK in 2024. These initiatives counter the impact of recent U.S. tariffs on foreign imports.

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