NEW YORK] US President Donald Trump said he believed trade negotiations launching this weekend with China would result in tangible progress, predicting Beijing would be willing to make concessions and saying he could consider cutting punishing tariffs against the country if there was significant momentum.

Mr Trump expects substantive negotiations between the US and China on trade this weekend. Read more at straitstimes.com. Read more at straitstimes.com.

Trump said the deal increases access for U.S. agricultural products, though he added that the final details were still being written up. Britain says the deal will cut tariffs on U.K. cars from 27.5% to 10% and eliminate tariffs on steel and aluminum.

LONDON/WASHINGTON: United States President Donald Trump and British Prime Minister Keir Starmer on Thursday (May 8) announced a "breakthrough deal" on trade that leaves in place a 10 per cent tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.

President Donald Trump's administration reached its first trade deal this week with the United Kingdom. Here's what the details suggest about the dozens more still in negotiations.

While the details of the deal are still being worked out, it will lower tariffs on cars imported from the UK to 10%, while slashing levies on beef products.