Alistair Smout

UK, India likely to unveil trade deal next week, including whisky, EVs, textiles, sources say India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access to the UK market and easing British exports of whisky, cars and food.

UK, India likely to formally sign and unveil the full details of their trade deal next week

www.reuters.com/world/uk/uk-...

Crunch nears for UK's Reeves, with stability elusive and markets wary After a year in office, Britain's finance minister Rachel Reeves faces a reckoning over unmet promises of economic stability, with a stop-start economy and restive bond markets pointing to another tax-raising budget that she had hoped to avoid.

Crunch nears for UK's Reeves, with stability elusive and markets wary reut.rs/46nSNTe

As US and European aid cuts deepen, Ukraine's humanitarian lifelines fray Groups like IRC that relied on U.S. funding are reeling. Other leading donors, including Britain, are also paring back humanitarian aid as they seek savings to boost defence spending.

As US and European aid cuts deepen, Ukraine's humanitarian lifelines fray www.reuters.com/world/europe...

Britain set to impose tougher than expected caps on steel imports The British government is set to impose tougher than expected trade caps on steel, limiting imports from Vietnam, South Korea and Algeria to better defend its domestic supply from the fallout of a glo...

new from me today - Jonathan Reynolds has gone further than TRA recommendations, putting a lower cap on certain steel imports to protect the sector www.reuters.com/world/uk/bri...

More than 13 hours after talks started, Lutnick and Greer announced a framework had been reached with China to implement what was agreed in Geneva. Read more here: www.reuters.com/world/china/...

China's Li says US-China reach framework on trade, will report back to leaders China's Vice Commerce Minister Li Chenggang said on Tuesday that the Chinese and the U.S. negotiating teams had agreed a framework on trade after two days of talks, and would take that back to their leaders.

China's Li says US-China reach framework on trade, will report back to leaders reut.rs/4kL8M23

Lutnick says US-China trade framework should resolve rare earth issue U.S. Commerce Secretary Howard Lutnick said on Wednesday that a trade framework and implementation plan agreed with China in London should result in restrictions on rare earths and magents being resolved.

Lutnick says US-China trade framework should resolve rare earth issue reut.rs/449YBOB

At Lancaster House, U.S. Secretary of Commerce Howard Lutnick said trade talks with Chinese counterparts were going well but he expected another long day of negotiations - more here: www.reuters.com/world/china/...

UK trade minister to meet US counterpart to discuss implementing tariff deal Britain's trade minister Jonathan Reynolds will meet U.S. Trade Representative Jamieson Greer on Tuesday to discuss the implementation of a trade deal that has been complicated by the announcement of fresh U.S. tariffs on steel.

latest on U.S.-UK trade as Britain gets an exemption from Trump's 50% steel tariffs... for now www.reuters.com/world/uk/uk-...

With US and EU deals, Britain embarks on high-risk balancing act Britain's pursuit of trade deals has made it a test case for navigating Trump's new world order.

our take on how Britain is attempting to navigate relations with three major trading powers, trying to work with the U.S., EU and China while avoiding their wrath for cosying up to the others: www.reuters.com/world/uk/wit...

Britain poised to reset trade and defence ties with EU Britain is poised to agree the most significant reset of ties with the European Union since Brexit on Monday, seeking closer collaboration on trade and defence to help grow the economy and boost security on the continent.

UK strikes EU trade and defence reset in 'new era' for relations www.reuters.com/world/uk/hol...

UK trade remedies body recommends country-specific quota caps on steel imports Britain's Trade Remedies Authority (TRA) recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imports to help defend its domestic industry, which said the proposals were insufficient.

Britain's steel industry said the latest from the TRA yesterday did little to defend the sector, though acknowledged that they'd done everything in their power to help, and it's the trade defence system itself that needs an overhaul - more here: www.reuters.com/markets/comm...

UK steel sector urges clarity on timeframe for 0% US tariffs Britain's steel sector on Friday urged clarity on when U.S. tariffs will be scrapped under a landmark first deal to remove President Donald Trump's levies on the sector.

UK steel sector urges clarity on timeframe for 0% US tariffs www.reuters.com/world/uk/uk-...

The art of the possible: Britain settles for quick win in US trade deal Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president's tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win instead.

The art of the possible: Britain settles for quick win in US trade deal www.reuters.com/world/uk/art...

The art of the possible: Britain settles for quick win in US trade deal Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president's tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win instead.

The art of the possible: Britain settles for quick win in US trade deal www.reuters.com/world/uk/art...

US and Britain expected to announce tariff deal on Thursday The United States and Britain are expected to announce a deal to lower tariffs on some goods, the first such agreement since U.S. President Donald Trump imposed levies on countries around the world.

Trump, Starmer herald limited US-UK trade deal, but 10% duties remain www.reuters.com/world/europe...

US and Britain expected to announce tariff deal on Thursday The United States and Britain are expected to announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump imposed levies on countries around the world.

US and Britain expected to announce tariff deal on Thursday

www.reuters.com/world/europe...

Exclusive: NATO chief Rutte floats two-tier spending plan to meet Trump target NATO chief Mark Rutte has proposed alliance members boost defence spending to 3.5% of GDP and spend a further 1.5% on other defence-related items to meet Donald Trump’s demand for a 5% target, people familiar with the idea told Reuters.

New from @liliebayer.bsky.social and me:

NATO chief Mark Rutte has proposed that alliance members agree a new defence spending goal of 3.5% of GDP and a further 1.5% on other defence-related items to meet Donald Trump’s demand for a 5% target.

www.reuters.com/world/nato-c...

this comes as we also hear Goyal is back in London and meeting Reynolds this afternoon to clinch a final agreement after they weren't able to on Tuesday

UK-India investment treaty lets companies sue government, sources say An investment treaty between Britain and India will contain a provision that allows companies to sue either government if they believe policy changes unfairly harm their investment or profits, two sources familiar with discussions told Reuters.

new from me - The UK-India investment treaty contains ISDS, a mechanism allowing companies to sue either government if they believe policy changes unfairly harm their investment, two sources said #UKIndia #trade #investment more here www.reuters.com/sustainabili...

back from pat leave and on to bluesky - hello! 👋