President Trump said Great -Britain had agreed to increase market access for billions of dollars in American exports, including beef, ethanol and other farm products under a new trade agreement – but had many of the details work out later.
The agreement – promoted by Mr Trump as the first of many who will arise from his efforts to blow up the global trading system – seemed to be more a framework than a complete trade agreement. Both parties agreed to drop rates for specific products and to make general agreements in other areas, but officials of both governments still have to meet in the coming months to hammer the specific language. That can be a difficult and difficult process, so that the possibility remains open, the agreement can still fall apart.
Nevertheless, the leaders of both nations greeted the framework in joint announcements on Thursday that called on the deep relationship between their countries. Speaking from the Oval Office and with Prime Minister Keir Starmer van Groot -Britain at Speakerphone, Mr. Trump called it a “big deal for both countries”. Mr. Starmer called it a “really fantastic historic day” and shouted one of the favorite historical figures of Mr. Trump on by noting that it was the 80th birthday of Winston Churchill who announced the victory in Europe in the Second World War.
The agreement will Leave a rate of 10 percent in place That Mr Trump imposed on Groot -Britain and other nations in the early April worldwide. But it will give other rates that Mr Trump imposed on British steel, aluminum and cars. In exchange, the British open access to beef, poultry, ethanol, soft drinks, grains and other products.
The British government said rates for her car export to the United States would fall from 27.5 percent to 10 percent For a quota of 100,000 British vehicles. It also said that the American rates on British steel would fall to zero. Mr. Trump’s trade secretary, Howard Lutnick, said that Rolls-Royce engines and aircraft parts will come for tariff-free, while the United Kingdom will buy $ 10 billion in Boeing aircraft.
Which deal it is completed can ultimately be more important for Great Britain than the United States. Groot -Britain occupies the No. 11 place among the largest trading partners in the United States – it represented 2.9 percent of the total American trade in the first quarter of the year – while the United States is the largest trading partner of Great -Britain. Yet the majority of that trade relationship in services, which are not influenced by rates.
Although Trump officials have drawn up the deal as a result of the aggressive rates that Mr Trump has imposed around the world, there has long been interest in an agreement. Mr Trump discussed the possibility of a trade agreement with Great Britain in his first term, while since the Brexit Brexit have viewed an agreement with the United States as a way to compensate for trade with Europe.
The two countries have a relatively balanced trade: in 2024 the United States sent $ 80 billion in machines, planes, natural gas, crude oil and other products to Great Britain, while in exchange it bought $ 68 billion in cars, pharmaceutical products and other goods. A Handelsdeal would be Mr. Starmer one The much needed political victory, as well as the justification of his strategy To diligently a relationship with Mr. Trump to cultivate.
Stephen Castle” Maggie Haberman” Mark Landler” Tyler pager And Jonathan Swan contributed reporting.
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