UK and US have agreed terms for trade deal, Sky News understands

The US and UK have agreed the terms for a trade deal, Sky News understands. A government source has told Sky’s deputy political editor Sam Coates that initial reports about the agreement in The New York Times are correct. Coates says he understands a “heads of terms” agreement, essentially a preliminary arrangement, has been agreed which is a “substantive” step towards a full deal. Sky News business correspondent Paul Kelso understands the UK has agreed to give some concessions on food and agriculture imports from the United States to secure an easing of export tariffs for the car industry. The…