Washington. The president of the United States, Donald Trump, announced on Thursday a “historical” agreement with the United Kingdom, the first of this type since he launched his global tariff offensive.
“I am delighted to announce that we have reached an innovative commercial agreement,” Trump told journalists at the White House.
He added that it will allow a greater opening of the United Kingdom to US goods, worth “billions of dollars”, in particular “for beef (…) ethanol and practically all” agricultural products.
Presumes agreement in your social truth account
In a message posted from his social truth account, Trump said that, thanks to this agreement, the United States will obtain $ 6 billion in external income through 10%tariffs. He also said that he will generate 5 one billion dollars in new export opportunities for farmers, farmers and American producers, and will strengthen the national security of both countries. This will be achieved through the creation of an aluminum and steel trade zone, as well as a safe pharmaceutical supply chain, he reported.
“Great agreement”
The president of the United States and the British prime minister, Keir Starmer, each one on their side, announced this Thursday a “great agreement” in commercial matters that leaves in force a 10 percent tariff on the imported goods from the United Kingdom, while London agreed to lower their taxes to 1.8 from 5.1 percent and offer greater access to US products.
The agreement announced by Trump from the Oval Office was the first since it triggered a global commercial war with a barracks of taxes to commercial partners after its return to the White House in January.
“It opens a tremendous market,” Trump said, while Starmer commented on teleconference that “it is a really fantastic, historical day.”
Investors have been pressing Washington to reach agreements to descale their tariff war, after a often chaotic policy of Trump put legs up the world trade with friends and enemies equally, threatening to enliven inflation and start a recession.
Senior US officials have participated in several meetings with commercial partners since the president imposed on April 2 a 10 percent tariff on most countries, along with higher rates for many commercial partners who later suspended for 90 days.
The United States also imposed 25 percent tariffs on cars, steel and aluminum, 25 percent to Canada and Mexico, and 145 percent to China. It is expected that US and Chinese officials have conversations in Switzerland on Saturday.
At a time when the British economy struggles to grow, tariffs had increased pressure on their government.
Jaguar Land Rover Tamo.NS paused his shipments to the United States for a month and the government was forced to take control of British Steel to keep it operational.
In his search for an agreement with the United States, London refused to reduce its food standards, closely aligned with those of the European Union. However, the British agricultural union said that some US producers who do not use growth hormones or antimicrobial washes could have greater access to the market.
The 10 percent base “base” tariff was not clear, as well as the threat of a tax on the pharmaceutical industry that could harm Azn.L and GSK GSK.L.
The initial news of an advertisement raised the actions of the luxury car manufacturer Aston Martin Aml.L, while British retailers with operations in the United States such as JD Sports Jd.L and the owner of Primark, AB Foods ABF.L, also improved in the day.
The Starmer’s government has tried to establish new commercial relations with the United States, China and the EU after Brexitwithout approaching a block that angry at others.
“The final details are writing,” says Trump
The agreement announced this Thursday is symbolically important, probably reducing the financial burden of the wide decreed tariffs and creating greater access abroad for US products.
The announcement provided a political victory for the British prime minister, Keir Starmer, and Validated to some extent Trump’s claims that his turbulent approach to trade could make the global economy back in his favorite terms. However, the terms of the agreement have not yet been completed, a reminder that the process that Trump promised would be fast or could take weeks, since other nations with which the United States has a commercial deficit they fear that import taxes of the Republican President to slow economic growth throughout the world.
“The final details are writing,” Trump told reporters. “In the coming weeks, we will have everything very conclusive.”
He added that the agreement would lead to more exports of beef and ethanol to the United Kingdom, which would also expedite the processing of US products through customs.
Starmer, speaking by telephone with Trump, stressed the importance of the relationship between the two countries while commemorated the anniversary of the victory in Europe of World War II.
“Being able to announce this great agreement on the same day 80 years later, almost at the same time and as we were 80 years ago with the United Kingdom and the United States standing side by side, I think it is incredibly important,” said Starmer.
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