UK trade tariffs

Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.

The government said the deal was an extension of its current tariff-free arrangement on most goods and services traded between the countries.

The free trade deal signed last month will open India's vast government procurement market to UK suppliers - but it will not be easy.

The free trade deal is expected to cut tariffs on goods and increase market access for both countries.

An agreement, first announced in May, to slash tariffs and boost trade has been signed by the UK and Indian prime ministers.

Here's a quick guide to what's been agreed and what it could mean for you.

The deal will give the UK motor industry preferential treatment and cut aerospace tariffs to zero.