Under the temporary regime announced Wednesday, the U.K. would avoid slapping tariffs on most imported goods, though prices of key European Union products including beef, cheese and cars would rise.
The world’s two largest economies are nearing the finish line on a trade deal that could be signed by President Donald Trump and his Chinese counterpart Xi Jinping as early as this month. But that doesn’t mean the trade war ends.
The Trump administration imposed a tariff on steel imports last year to get companies to buy more American metal. In some ways, the duty has the U.S. solar business doing the exact opposite.
U.K. Prime Minister Theresa May has promised Parliament that it will have a chance to vote to extend the Brexit deadline next month as a way of avoiding a chaotic no-deal exit.
