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.
Sign up for Today's Best Articles in 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.
-
Trump officials try to reverse DOGE-led firings
Speed Read Mass firings by Elon Musk's team have included employees working on the H5N1 bird flu epidemic and US nuclear weapons programs
By Peter Weber, The Week US Published
-
How Trump is changing the US-Russia relationship
Talking Points And how will Europe, Ukraine respond?
By Joel Mathis, The Week US Published
-
Trump blames Ukraine for war after US-Russia talks
Speed Read The US and Russia have agreed to work together on ending the Ukraine war — but President Trump has flipped America's approach
By Peter Weber, The Week US Published
-
Russia frees US teacher Marc Fogel in murky 'exchange'
Speed Read He was detained in Moscow for carrying medically prescribed marijuana
By Rafi Schwartz, The Week US Published
-
Hamas pauses Gaza hostage release, upending ceasefire
Speed Read Hamas postponed the next scheduled hostage release 'until further notice,' accusing Israel of breaking the terms of their ceasefire deal
By Peter Weber, The Week US Published
-
Baltic States unplug from Russian grid, join EU's
Speed Read Estonia, Latvia and Lithuania are disconnecting from the Soviet-era electricity grid to join the EU's network
By Peter Weber, The Week US Published
-
At least 11 killed in Sweden adult ed school shooting
Speed Read The worst mass shooting in Swedish history took place in Orebro
By Rafi Schwartz, The Week US Published
-
Who is the Hat Man? 'Shadow people' and sleep paralysis
In Depth 'Sleep demons' have plagued our dreams throughout the centuries, but the explanation could be medical
By The Week Staff Published
-
Same-sex marriage becomes legal in Thailand
Speed Read The law grants same-sex spouses the same rights as married heterosexual couples
By Peter Weber, The Week US Published
-
Top Israeli general to resign over Oct. 7 failures
Speed Read Herzi Halevi took responsibility for his failure to prevent the attacks that sparked Israel's war in Gaza
By Rafi Schwartz, The Week US Published
-
80 dead in Colombia amid uptick in guerrilla fighting
Speed Read This was the country's deadliest wave of violence since the peace accords set by President Gustavo Petro in 2016
By Peter Weber, The Week US Published