UK-US Free Trade Agreement by July 2020?

According to a recent report on The Sun, UK and US are all set to finalize a free trade agreement by July 2020. US President Donald Trump and UK PM Boris Johnson will make a formal announcement of the timeline when they meet on the sidelines of the UN General Assembly at New York this week.

If this works, it would be a significant victory for Trump who faces presidential elections next year. Meanwhile, as far as the UK is concerned, a free trade agreement with the US offers a ray of hope amid the ongoing Brexit uncertainties.

According to reports, the UK-US trade deal is set to be one of the biggest free trade agreement ever undertaken by the US. Although the deal will be signed by July, it will only be implemented after the transition period for Brexit ends by December 2020.

The full roadmap of the agreement could be revealed when Trump visits London this December for the NATO summit. The US is keen for the UK to reduce import tariffs on US steel as well as to reduce digital tax it imposes on leading US tech companies. Meanwhile, the UK will benefit from the US opening up access to its financial services market.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers