In another burst of international tariff related stories, the US has struck a partial deal with the UK, while the EU outlined further measures it is willing to put in place should its hand be forced by the ongoing trade hostilities.

In the US, Keith Duggan looks at the intricacies of the US deal and how it all came about – after Liberation Day, it becomes the first deal. Meanwhile, in London, Mark Paul does likewise. Many will spend much of Friday trying to interpret the fallout, the implications, and the next moves.

In Brussels, Jack Power examines the list of goods that Europe is willing to tax should it arrive from the US, that is of course if things can’t be worked out beforehand. The US administration has not been biting at the carrots, he notes, so on the same day the UK agreed its deal, the European Commission turned to the stick.