July 24 (UPI) -- Britain and India agreed to a free trade agreement between their two nations Thursday.

The market access under the pact is limited to a few central government entities with higher thresholds around Rs 250 crore across goods, services and construction services.

European Commission President Ursula von der Leyen will meet US President Donald Trump in Scotland on Sunday, as the EU and US edge closer to sealing a key trade agreement. The deal could impose a 15% tax on EU imports and 50% duties on steel and aluminium.

The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.

Britain's Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi have sealed a major trade agreement that will reduce tariffs on products like Scotch whisky and Indian spices. This is a photo gallery curated by AP photo editors.

President Trump on Tuesday offered more specifics surrounding a trade agreement the United States struck with Indonesia, which White House officials said would lower tariffs on American goods to

Indian Prime Minister Narendra Modi arrived in London on Wednesday evening ahead of meetings with UK Prime Minister Keir Starmer.

Whether President Donald Trump will renegotiate the country’s trade agreement with Mexico and Canada remains to be seen, but the threat is already affecting commerce on the border.