Britain and the EU will ink a new security and trade deal allowing access to European security databases, defense contracts and the EU food market in return for some youth free-movement and rights to fish British waters.

The U.K. and EU enhance their partnership with new trade and defense deals as President Donald Trump's tariffs challenge and defense policies impact U.S. relations with Western allies.

Business Secretary Jonathan Reynolds said the UK's agricultural food exports were down by a fifth, and the new deal would reduce trade friction and costs.

The European Commission said Monday that it expects the combined gross domestic product of the 20 countries that share the euro to rise 0.9% this year and 1.4% in 2026, as U.S. tariffs hit exports. It had previously forecast expansions of 1.

Mr Rickman added that the FUW has raised concerns about "effective border checks on EU food imports entering the UK", and that the agreement should open the door to "ensuring that food imports and exports are subject to similar controls", creating a "level playing field" between UK and EU producers.

BRUSSELS (Reuters) -EU countries have in principle agreed on the proposals for a 150 billion euro ($168.3 billion) fund aimed at boosting Europe's defence, known as Security Action for Europe (SAFE), an EU diplomat said on Monday.

By Kate Holton, Andrew MacAskill and Alistair Smout LONDON/BRUSSELS (Reuters) - Britain agreed the most significant reset of defence and trade ties with the European Union since Brexit on Monday after U.

A deal between the UK and European Union (EU) has been agreed at a post-Brexit leaders summit in London.