"A Big, Exciting Leap Forward" - US and UK Ink Trade Deal
Trump formally seals a trade agreement with the UK
Get ready for a major shift in trade relations! US President Donald Trump took to Truth Social to announce a significant achievement - a comprehensive trade agreement with the UK. He referred to it as a "monumental" and "thrilling" accord, designed to fortify the relationship between the two nations.
Prepare for a big reveal! Trump will hold a press conference in the Oval Office at 10 am local time (4 pm CEST) for more details. "Imagine the amazing day in store for the United States of America and the United Kingdom," Trump posted, adding that it's an "extraordinary honor" to have the UK as the first to publicize such an agreement. More agreements with other countries are said to be under serious negotiation, Trump hinted.
Stirring Up the Economic Sphere First Agreement Report: Trump Announces UK-US Trade Deal The president did not disclose specifics at first. However, rumors suggested that the UK might have scored concessions on the tariffs imposed by Trump, a boon for the British automotive industry, which heavily relies on exports to the US. In return, potential adjustments in the agricultural sector and a revaluation of the digital sales tax were speculated. But, remember, these speculations are yet to be confirmed.
Chlorinated Chicken and Hormone-Fed Beef - A No-Go in UK Supermarkets!
Presently, UK exports to the US face tariffs of 10% on most goods. However, the tariffs for steel, aluminum, and cars, as well as car parts, stand at 25% - a potential hurdle this deal aims to overcome. The UK recently inked a long-term, comprehensive free trade agreement with India, heralding a new chapter in trade, Prime Minister Keir Starmer stated.
The US food standards, including the use of chlorinated chicken and hormone-treated beef, are likely to remain at odds with the UK, according to Financial Times reports. This means that these products will continue to be a rare sight on UK supermarket shelves.
Starmer, along with EU Commission President Ursula von der Leyen and EU Council President António Costa, is planning to explore deepening their common ties at the upcoming EU-UK summit on May 19. A dynamic agreement regarding animal health and food standards has been frequently discussed, as well.
Sources: ntv.de, spl/dpa/DJ
- Trade Negotiations
- UK-US Relations
- Donald Trump
- Tariffs
- Free Trade Agreements
- Digital Sales Tax
- Chlorinated Chicken
- Hormone-Fed Beef
- In response to the US-UK Trade Deal announced by President Donald Trump, the UK has signed a free trade agreement with India, marking a new phase in their trade relations.
- One of the rumored concessions in the UK-US Trade Deal is a potential reduction in tariffs imposed by Trump, which could benefit the British automotive industry heavily reliant on exports to the US.
- Despite the speculations, the UK may continue to maintain its stance against certain US food standards, such as the use of chlorinated chicken and hormone-treated beef, ensuring they remain a rarity on UK supermarket shelves.
- As part of the ongoing trade negotiations and deepening common ties, EU leaders, including Commission President Ursula von der Leyen and Council President António Costa, are planning to discuss a dynamic agreement on animal health and food standards at the upcoming EU-UK summit.
