UK agrees trade deal with South Korea just weeks ahead of deadline
Announcement spares British exporters from threat of tariff increases
Announcement spares British exporters from threat of tariff increases

Agreement will reduce auto tariffs on Seoul to 15% in return for $350bn of investment in US

Britain seeks closer ties with Asian nation’s booming arms sector to help rebuild its own defence industrial base

Brussels is pushing for agreement that could leave some tariffs in place

British carmakers and aerospace manufacturers expected to secure quick benefits, but steel producers await further details

European Commission offers access to bloc’s subsidies for manufacturing in partner countries with trade agreements

Ministers are struggling to thrash out reforms at the global body that has been buffeted by Trump’s tariffs