The US and the UK will announce a deal to reduce tariffs today

Last night, US President Donald Trump said there would be a “big” news conference at 10:00 (15:00 BST) to announce a “major trade deal” with a “highly respected country”

Downing Street says Keir Starmer will provide an update later today

Currently, most goods imported to the US from the UK face 10% tariffs, with higher rates on steel, aluminium, and cars – the UK also charges tariffs on some US goods

The deal could see reduced tariffs for cars entering the US and UK, and a cut in the digital sales tax on US firms

—BBC