US President Donald Trump has agreed to cut tariffs on UK vehicles, steel and aluminium in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the US.The symbolically resonant agreement announced on Thursday (early Friday AEST) still has yet to be finalised, but it suggested that Trump was still able to negotiate with other countries after his vast set of tariffs stoked fears around the world of an economic downturn and higher inflation.The announcement provided a political victory for UK Prime Minister Keir Starmer and offered a degree of validation for Trump's claims that his turbulent approach on trade may be able to rebalance the global economy on his preferred terms.
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