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prime Minister Circus Dharma and US
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President Donald Trump have discussed
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productive negotiations on reaching a
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trade deal between the UK and the US
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which will continue at pace Number 10
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has said the two leaders spoke in a
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phone call on Sunday night Downing
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Street said as the UK aims to negotiate
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an exemption from tariffs on imports
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into the US And the negotiations are
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said to be intense with moves to
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decrease or even abolish a British tax
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on US big tech firms the digital
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services tax reportedly among the
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bargaining chips According to a number
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10 readout the official record of a call
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Stara and Trump discussed the productive
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negotiations between their respective
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teams on a UK US economic prosperity
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deal agreeing that these will continue
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at pace this week It comes as the US
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president has announced a 25% import tax
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will be introduced on all cars imported
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to the US which is expected to hit
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British luxury car makers such as
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Rolls-Royce and Aston Martin And it's on
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top of a series of tariffs set to come
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into effect on April 2nd which could
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include a general 20% tax on UK products
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in response to the rate of VAT While
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Trump also made headlines at the weekend
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when he reportedly told US outlet NBC
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News he was very angry pissed off about
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Russian leader Vladimir Putin
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questioning Ukrainian President Vladimir
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Zalinsk's credibility Trump has branded
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April 2nd Liberation Day for America as
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he claimed the tariffs will free the US
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from foreign goods and boost its
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domestic economy But for the UK new
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trade taxes could be make or break for
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the government's plans to grow the
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economy Chancellor Rachel Reeves made a
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string of cuts to government spending
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including on welfare at the spring
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statement last week to restore her
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narrow fiscal headroom But economists
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including at the Institute for Fiscal
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Studies or IFS have warned this buffer
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could easily be eroded by external
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events such as tariffs Cir has said the
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UK reserves the right to introduce
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reciprocal tariffs on the US if a deal
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to exempt the UK cannot be reached But
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the Office for Budget Responsibility or
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OBR has warned the impact of imposing
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reciprocal tariffs on the US would be
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worse for the UK than allowing the levy
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to go ahead unimpeded Downing Street
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said Trump and Star also discussed
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efforts to end the war in Ukraine and
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that Trump passed on his best wishes to
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the king who recently had to cancel
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engagements due to side effects from
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cancer treatment What do you think about
2:17
the potential UK US trade deal Let us
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know your thoughts in the comments and
2:21
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