JD Vance says US hopeful of ‘great’ trade deal with UK

News Snapshot:

The US is optimistic it can negotiate a “great” trade deal with the UK, JD Vance has said. Donald Trump imposed sweeping tariffs on imports to the US several weeks ago, sending the global economy into turmoil as stock prices tumbled and fears of a global recession mounted. Since then, Trump has rowed back on many tariffs, reducing the rate paid on imports from most countries to 10% and exempting electronics such as smartphones and laptops from the levies, including the 145% charge on imports from China. Britain was spared the most punitive treatment in Trump’s initial tariff announcement, due...