Britain is ready to implement its side of a tariff deal with the United States and is hopeful for a proclamation from U.S. President Donald Trump to put the agreement into effect in the coming days, trade minister Jonathan Reynolds said on Thursday.

Exports to the US – the country the UK trades with the most with – saw its largest monthly decrease in April since records began, official data has shown. The onset of President Trump’s trade war with some of his closest allies and foes put governments on standby as major forecasters warned the world economy

Britain is set to implement its part of a tariff agreement with the US and awaits announcement from President Trump. The deal includes reduced tariffs on UK cars and steel, with Britain's corresponding tariff reductions on US beef and ethanol,

President Donald Trump has warned that he may soon increase tariffs on imported automobiles to encourage more US production. The move announced today would mark a sharp contrast to the recently negotiated trade agreement with the UK that helped slash car import tariffs for the British car industry.

The UK is “ready to go” on implementing its trade deal with the US, the Business Secretary has said. The deal, announced last month by Sir Keir Starmer and Donald Trump, will see British tariffs on steel and automotive exports to the US slashed in exchange for greater access to the UK for some American goods.

Bentley has reportedly decided to halt some exports to the United States. Custom order vehicles are still coming stateside, but ‘off the shelf’ models aren’t. The pause appears to be related to confusion over the recent US-UK trade deal.

A federal appeals court agreed on Tuesday to allow President Donald Trump to maintain many of his tariffs on China and other U.S. trading partners, extending a pause granted shortly after another panel of judges ruled in late May that the import taxes were illegal.

U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary.