Washington – President Trump on Thursday announced a wide trade bank with Britain, which could lower the burden of their wiping tariffs and potentially deliver the political victory for Prime Minister Keir Starmermer.
The president told the remarks from the Oval Office that the two countries “confirm that reciprocity and fairness is the vital principle of international trade.”
The agreement was first performed in the second time of Mr. Trump and came as the president used tariffs – and the threat of levies – as a lever for bringing other countries at the stores.
Mr. Trump said the details of the agreement are still finalized and expected to be done in the coming weeks. But he said that he includes “billions of dollars” increased access to the United Kingdom on the UK market, including American agricultural products such as beef and ethanol.
Britain will also “reduce or remove” non-tariff barriers who Mr. Trump said by discriminatory American products, and prompt US imports through customs in the UK, the president announced.
The agreement called “much for both our countries” and said that it opens US access for U.S. products.
“It will be something special for the United Kingdom and special for the United States,” Mr. Trump said.
Saving short notes, the starmer said the framework will increase trade between the US and Great Britain, protect and create jobs and open access to the market. The starmer called it “historical day”, it’s “a real honor to the history we have to work together.”
10% of the tariffs imposed in the UK, which presented the President last month as part of the announcement “Day of Liberation,” remains in place. But according to plan, the first 100,000 vehicles imported to the USA by British car manufacturers are subject to that rate 10% each year, and additional vehicles will face 25% of the rates, towards the White House.
The Secretary of the Howard Lutnick said that the agreement would collect $ 6 billion as a result of a 10% rates from the UK, and the British Airline will buy $ 10 billion in Boeing, said the Boeing Secretary.
Mr. Trump teased the announcement on Wednesday, writing on social media to presentl “The main trade agreement” with “great, highly respecting the country”, which did not identify at the time. On Thursday morning, the president published the truth social that “should be a very big and exciting day for the United States and the United Kingdom.”
“The agreement with the United Kingdom is full and comprehensive that will increase the relationship between the United States and the United Kingdom for many years,” added. “Because of our many years of history and loyalty, it is a great honor to have a united kingdom as our first announcement. Many other offers, which are in the serious phases of negotiations, to follow!”
A Social media From Mr. Trump, he said the framework will collect $ 5 billion in new export opportunities for American farmers, ranchers and manufacturers, and strengthen national security and USA and UK
“This agreement shows that if you respect America and bring serious suggestions for the table, America is open to work,” the post said, teased that there were more. ”
The Starmer’s office said the Prime Minister would give “update” about the US trade later in the day.
“As you know, the Talks with the United States are in progress and heard more than me later,” said Starmer at the London Defense Conference.
Mr. Trump put a 10% tax on imports from Britain, as well as 25% of tariffs on AutosSteel and aluminum on the assumption to make it in it in nurturing more factory jobs in the country.
The great goal of British negotiators was to reduce or raise American imports to UK cars and steel. The United States is the largest destination for British cars, which makes up more than a quarter car exports 2024. years, according to the National Statistics Office.
Britain also sought tariff exemptions for pharmaceuticals, while the United States want a greater approach to the British market of agricultural products. The Starmer’s government said that it will not lower the dietary standards in the UK to allow American chicken or beef treatment with chlorine.
If an agreement is announced, the British government sees it as a revenge of the Starmer Emollient approach to Mr. Trump, who avoided direct confrontation or criticism. Unlike the European Union, Britain has not announced retaliation tariffs on American goods in response to response to Lord Trump Import Taxes.
The trade agreement with the United Kingdom would be symbolically important and relief for British exporters. But the contract would make a little to deal with the basic concerns of Mr. Trump due to the permanent trade deficit that asked him to impose import tax into countries around the world.
The United States ran excess trade of 11.9 billion dollars in the Robbie from Great Britons last year, cited according to the census. $ 68 billion in the goods imported from the UK last year, only 2% of all goods imported into the country.
The United States is much more important for the economy in the UK. It was the largest trading partner of Britain last year, according to governmental statistics, although the greatest exports of Britain in the United States are services, not goods.
Mr. Trump showed a desire to accelerate the Trade Agreement with Evening Britain, because he voted in 2016. years to leave the European Union. Nevertheless, recently, on Tuesday, Mr. Trump did not show awareness of the possible conditions of the contract, when it asks about its possibility.
“They offer us concessions?” Mr. Trump noted reporters. “I hope so. … they want to deal hard.”
Mr. Trump said earlier that his influence would be American consumers in the talks, but seemed to suggest that the UK would begin to buy more American goods.
“I think the UK, like any other country, want … to go shopping in the United States,” he said.
The Secretary of the Treasury Scott Benst said a representative on the Hill of Capitol this week that the administration moves forward with “all deliberate speed” to achieve an agreement with 17 trading partners. He said that he expects “agreements in principle”, and after they were reached, the administration “will” will be paperwork “in the coming months.
Mr. Trump said during his oval office notes that there are “numerous offers” in the paper. Bessent is a trip to Switzerland on Thursday for a trip that will involve a meeting with Chinese officials. The president said that he was open to talk to the Chinese President XI who jinked after the meeting.
The trading bank with the US is one of several of the Government’s Starmova asks to reach him. On Tuesday, Britain and India announced trade after three years of negotiations. The UK is also trying to raise some barriers to trade with the European Union imposed when Britain has left the 2020 block. Years.
2025-05-09 03:27:00
