The main goal of the US was to hope that the UK would lower the import tariff on US steel products, and the goal for the UK was to get permission to enter the US financial services market.
According to Donald Trump's G7 announcement in August, a US-UK trade agreement was in progress and both leaders agreed to reach it by July 2020.
The reason Boris Johnson hoped to strike a deal Prior to July 2020, the US presidential election was held in November 2020. The UK government worried that if Donald Trump did not win the next election, the deal could be affected. To reduce the risk of uncertainty, the deal is expected to launch in July 2020.
Even if the trade agreement is expected to be signed in July next year, the implementation date will be the end of 2020, after the Brexit transition period.
US-UK Trade Agreement Expected July 2020
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