U.K., EU reach historic Brexit trade deal


Britain and the European Union reached a historic post-Brexit trade deal Thursday, avoiding a "potentially disastrous no-deal scenario" and leaving lawmakers optimistic on trading conditions heading into the new year.
The deal, which comes nearly a year after Britain stopped being a full member of the EU and four years after Brexit was voted upon, began discussions last March, and negotiators have since endured "significant clashes over fishing, competition rules, and the governance of their new relationship." The decision comes in the 11th hour, with the final deadline set for Dec. 31.
Thanks to the agreement, exporters will likely face lower tariffs and costs, CNBC reports. The deal will now head to the British and European Parliaments in the coming weeks for ratification.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Marianne is The Week’s Social Media Editor. She is a native Tennessean and recent graduate of Ohio University, where she studied journalism and political science. Marianne has previously written for The Daily Beast, The Crime Report, and The Moroccan Times.
-
July 5 editorial cartoons
Cartoons Saturday’s political cartoons include an extrajudicial detainment camp, 'alligator Alcatraz', and tax cuts for billionaires.
-
5 explosively funny cartoons about the 4th of July
Cartoons Artists take on liberty and justice for all, a terrifying firework, and more
-
Jeff in Venice: a "triumph of tackiness"?
In the Spotlight Locals protest as Bezos uses the city as a 'private amusement park' for his wedding celebrations
-
Ukraine scrambles as Trump cuts weapons deliveries
Speed Read The halting of weapons shipments was driven by Pentagon policy chief Elbridge Colby, a Ukraine funding skeptic
-
IAEA: Iran could enrich uranium 'within months'
Speed Read The chief United Nations nuclear inspector, Rafael Grossi, says Iran could be enriching uranium again soon
-
One year after mass protests, why are Kenyans taking to the streets again?
today's big question More than 60 protesters died during demonstrations in 2024
-
Iran nukes program set back months, early intel suggests
Speed Read A Pentagon assessment says US bombing of Iranian nuclear sites only set the program back by months, not years. This contradicts President Donald Trump's claim.
-
Trump says Iran and Israel agreed to ceasefire
Speed Read This followed a night of Israeli airstrikes on Tehran and multiple waves of missiles fired by Iran
-
Israel strikes Iran, killing military and nuclear chiefs
Speed Read Israeli officials said the attack was a 'preemptive' strike on Iran's nuclear program
-
Israel deports Thunberg after seizing Gaza aid boat
speed read The Swedish activist was delivering food and medical aid to Palestine, highlighting the growing humanitarian crisis there
-
Colombian senator shot on streets of Bogotá
speed read Miguel Uribe Turbay, who has announced his candidacy for next year's presidential election, was shot at a rally