1048 ET - A deal between the U.S. and U.K. is important for certain industries, the macroeconomic impact of the deal for the U.K. is likely to be limited, J.P. Morgan's Allan Monks says in a research note. Details of the agreement are coming Thursday after President Trump earlier said he will announce a deal with the U.K. The analyst notes that even with a deal in place, it appears as though U.K. exports will still be subject to the 10% baseline tariff imposed by the U.S. on goods imports from all other countries; the deal is expected to involve some reductions in the 25% sectoral tariffs on cars, aluminium and steel, he adds. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 08, 2025 10:48 ET (14:48 GMT)
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