Paul Kelso

Crucial to any agriculture concession is production regulations. Much US produce does not meet UK standards, most notoriously chlorinated chicken & hormone treated beef. Government has said it will not shift on these, not least because it would be self-harming to parallel EU deal

Paul Kelso @pkelso

🇬🇧 🤝 🇺🇸 Sky News understands the UK has agreed to give some concessions on food and agriculture imports from the United States to secure an easing of export tariffs for the car industry

RT @SkyNews: Sky News business correspondent @pkelso understands the UK has agreed to give some concessions on food and agriculture imports…

Details of what this deal looks like remain unclear and, across the board, British business is waiting to hear the specifics of what it means. “Hoping for the best, expecting the worst” said one. Another said they had a good dialogue with government, but were waiting for detail

Paul Kelso @pkelso

🇬🇧 🤝 🇺🇸 Sky News understands the UK has agreed to give some concessions on food and agriculture imports from the United States to secure an easing of export tariffs for the car industry

🇬🇧 🤝 🇺🇸 Sky News understands the UK has agreed to give some concessions on food and agriculture imports from the United States to secure an easing of export tariffs for the car industry

It may be the biggest UK ‘give’ is nothing to do with goods, but will relate to US service exports via the Digital Services Tax, a 2% levy on search, social media and marketplace revenues, intended to level the playing field with bricks-and-mortar retailers worth close to £1bn

Paul Kelso @pkelso

One other area to watch: agriculture. The previous Trump administration identified greater access to UK food market as an opportunity. It’s small currently, just £1.1bn last year, and UK imposes tariffs eg 12% on beef. Regulation (eg no hormone treatment) is the bigger barrier https://t.co/xcjDoXeV5H

One other area to watch: agriculture. The previous Trump administration identified greater access to UK food market as an opportunity. It’s small currently, just £1.1bn last year, and UK imposes tariffs eg 12% on beef. Regulation (eg no hormone treatment) is the bigger barrier https://t.co/xcjDoXeV5H

Paul Kelso @pkelso

What we don’t yet know is what UK has agreed in return for lowering tariffs. US car exports to the UK face a 10% tariff, one the reasons the trade is a tenth of the size of UK exports. The bigger reason is regulation (emissions, safety) which ministers say won’t budge https://t.co/3nGKg1TA5r

What we don’t yet know is what UK has agreed in return for lowering tariffs. US car exports to the UK face a 10% tariff, one the reasons the trade is a tenth of the size of UK exports. The bigger reason is regulation (emissions, safety) which ministers say won’t budge https://t.co/3nGKg1TA5r

Paul Kelso @pkelso

Cutting the 25% tariff on cars has been the UK priority because the US market is fundamental. It accounts for one in four car exports, worth £9bn a year, more than double China & comfortably the largest single country market for JLR, Bentley, BMW-Mini etc https://t.co/PlYcTllFQk

Cutting the 25% tariff on cars has been the UK priority because the US market is fundamental. It accounts for one in four car exports, worth £9bn a year, more than double China & comfortably the largest single country market for JLR, Bentley, BMW-Mini etc https://t.co/PlYcTllFQk

Paul Kelso @pkelso

UK goods exports to the US - subject to tariffs between 10%-25% - is dominated by machinery (cars & engines, defence and power), fuels and chemicals, including the vital pharmaceutical trade, subject so far only to threats rather than actual tariffs https://t.co/da3swNmckL

UK goods exports to the US - subject to tariffs between 10%-25% - is dominated by machinery (cars & engines, defence and power), fuels and chemicals, including the vital pharmaceutical trade, subject so far only to threats rather than actual tariffs https://t.co/da3swNmckL

Paul Kelso @pkelso

UK-US trade deal will address nearly £130bn of bilateral goods trade, with another £200bn of services, the more valuable to the UK, flowing back and forth too. But when it comes to Trump tariffs it’s goods that matter & UK negotiations helped by the balance of imports/exports 1/ https://t.co/2v3DLaifs4

UK-US trade deal will address nearly £130bn of bilateral goods trade, with another £200bn of services, the more valuable to the UK, flowing back and forth too. But when it comes to Trump tariffs it’s goods that matter & UK negotiations helped by the balance of imports/exports 1/ https://t.co/2v3DLaifs4

UK and US to announce “heads-of-terms” on a trade deal later today https://t.co/ogR7h6H211

If you want a tax break on National Insurance you don't need to be an Indian multinational to get it. British companies get three year's relief if they move into Freeport zones, established in Jeremy Hunt's last Budget. Tax reliefs = routine incentive to encourage investment https://t.co/LG35kTrLxX

In a White House 100 days briefing press secretary Karoline Leavitt says President Trump believes @amazon plan to publish cost of tariffs alongside prices is "a hostile & political act"

Fresh pressure on the R&A as several outlets report Downing Street has urged golf's governing body to give Trump's Turnberry an Open Championship & ease trade negotiations. Last month the R&A's chief executive told @SkyNews why the numbers don't add up https://t.co/6YHkrbjqjB

As Rachel Reeves prepares to talk trade with her US counterpart, the latest data reveal why the outcome matters for British business, and Donald Trump's arguments don't add up. Some analysis

Sky News @SkyNews

Trump tariffs on UK goods unjustified - here's why ✍️Analysis from Sky's business and economics correspondent @pkelso ⬇️ https://t.co/4RwRfW68IX

ONS figures show the UK had a small deficit in goods traded with the US of around £2bn, which should - but didn't - make it immune to tariffs under Trump's professed rationale. By contrast we have a £70bn a surplus in services exports, at £131bn worth twice as much as goods

Paul Kelso @pkelso

As Rachel Reeves meets her US counterpart to discuss an "economic deal", new ONS data underlines importance of US to UK trade. In 2024 UK exported goods worth £59.3bn to the US, 16% of total exports, and 27% of all car exports, worth £9bn 1/2

As Rachel Reeves meets her US counterpart to discuss an "economic deal", new ONS data underlines importance of US to UK trade. In 2024 UK exported goods worth £59.3bn to the US, 16% of total exports, and 27% of all car exports, worth £9bn 1/2