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The EU has said it "strongly" regrets Donald Trump's surprise plan to double US tariffs on steel and aluminium in a move that risks throwing bilateral trade talks into chaos.

Beijing fears this could see it being excluded from supplying US-bound goods to the UK, telling the Financial Times it was a "basic principle" that bilateral trade deals should not target other countries.

In 2024 total bilateral trade hit £98.4bn.

His core belief appears to be that every bilateral trade deficit suffered by the U.S. is harmful to its economy, or an attack on its national security or even its sovereignty.

The UK-India agreement is estimated to bring in a £25.5bn boost to bilateral trade and a £4.8bn annual increase in UK GDP, simplifying exports of UK goods to India and cutting taxes on Indian clothing and footwear exports.