UK seeks trade deal to avoid US tariffs

The UK is working hard to avoid potential tariffs from the US under President Donald Trump. The UK is negotiating a trade deal to prevent these tariffs that could be introduced starting April 2nd. This deal mainly focuses on technology cooperation and aims to protect British imports from tariffs that Trump has threatened. In the negotiations, the US is pushing the UK to eliminate its digital services tax. This tax targets large tech companies but brings in significant money for the UK government, which is currently low on funds. While avoiding US tariffs could be seen as a victory for UK Labour leader Keir Starmer, there are risks involved. If the UK concedes too much to the US, it could hurt Starmer's reputation at home and complicate relations with the European Union. This situation highlights a delicate balance in UK politics, as the country navigates its post-Brexit trade relationships. The UK's special relationship with the US remains at risk as negotiations continue, especially if the US demands become too challenging for the UK to accept. Meanwhile, central banks globally are not aligned in their monetary policies. The US Federal Reserve has kept its interest rates steady, while other central banks, like the European Central Bank and the Bank of England, are moving in different directions. This shift indicates that the Fed is no longer the primary leader in global monetary policy. The divergence in economic conditions in the US and Europe has led to this separation. While the US faces rising inflation and economic slowdown, European economies appear to be managing inflation better. This change means that countries may start redefining their monetary policies without relying on the US as the guiding force. Finally, in sports news, Kirsty Coventry, a former swimming champion from Zimbabwe, has been elected as the new president of the International Olympic Committee. She is set to become the first female president of the IOC and will officially assume her role in June.