Governments from around the world have been scrambling to strike deals with Washington before the new deadline passes.

The US has left a 10% global tariff in place, which included the UK, though the long-time ally of America was not subject to the administration’s higher “reciprocal” tariffs.

The UK is also subject to a 25% US import tax on steel, aluminium and cars.

Washington is close to agreeing trade deals with India and Israel, according to reports.

The administration is also continuing talks with several other countries including Japan, South Korea and Vietnam.

Trump has said he wants nations to strike new deals with the US as he tries to radically reshape the global trading system.