DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

U.S., U.K. Announce Major Trade Deal

May 8, 2025
in News
U.S., U.K. Announce Major Trade Deal
493
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The United States and United Kingdom announced a “breakthrough” trade deal on Thursday that will lift some (but not all) U.S. tariffs on British goods. Both U.S. President Donald Trump and British Prime Minister Keir Starmer heralded the agreement as a vital step toward improving trade relations.

“We are the first country to secure such a deal with the United States, and in an era of global insecurity and instability, that is so important,” Starmer said on Thursday. This is the first trade deal that the United States has reached since the White House’s sweeping reciprocal tariffs wreaked havoc on global stock markets last month and raised fears of a U.S. recession.

Under the framework agreement, Washington will lift 25 percent levies on British steel and aluminum, cut duties on almost all British car imports from 27.5 percent to 10 percent, and allow Rolls-Royce engines and plane parts to enter tariff-free. In return, U.S. companies will have better market access to British beef, ethanol, and other farm products worth around $5 billion; and London will commit to purchasing $10 billion worth of Boeing planes.

Notably, though, Trump’s baseline 10 percent reciprocal duty on most British goods will remain in place.

“The U.S.-U.K. skinny deal is a modest improvement compared to the reality before its announcement,” Ryan Bourne, an economist at the Cato Institute, told FP’s World Brief. “But with most U.S. tariffs still in place and a fairly narrow overall scope of the deal, we remain in a less free trading environment than the pre-Trump status quo and a far worse situation than if this was a comprehensive free trade agreement.”

The post U.S., U.K. Announce Major Trade Deal appeared first on Foreign Policy.

Tags: BritainDonald TrumpTariffsTrade Policy & AgreementsUnited States
Share197Tweet123Share
Why each new controversy around Sam Altman’s OpenAI is crazier than the last
News

Why each new controversy around Sam Altman’s OpenAI is crazier than the last

by TheBlaze
June 26, 2025

Last week, two independent nonprofits, the Midas Project and the Tech Oversight Project, released after a year’s worth of investigation ...

Read more
News

Housekeeper Arrested Over Wildfire That Scorched Greek Island

June 26, 2025
News

Britain considers joining European customs pact

June 26, 2025
News

Mamdani Did All the Things the Establishment Hates. He Won Anyway.

June 26, 2025
News

Top OpenAI exec is skeptical of Dario Amodei’s prediction that AI will wipe out white-collar jobs

June 26, 2025
The MAGA dream family would cost all of us

The MAGA dream family would cost all of us

June 26, 2025
How to Use Hyaluronic Acid to Get Plumper, Healthier-Looking Skin

How to Use Hyaluronic Acid to Get Plumper, Healthier-Looking Skin

June 26, 2025
Trump calls for Netanyahu’s trial to be canceled

Trump calls for Netanyahu’s trial to be canceled

June 26, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.