Trump Announces ‘Tremendous Trade Deal’ With the U.K.

President Donald Trump along with representatives from the United Kingdom a trade deal.

“This is very a special day because it’s victory day World War II… It’s just incredible that day is the same day we signed a tremendous trade deal for both countries,” said Trump.

The 10% reciprocal tariff is in effect. A few other notes from the White House:

  • Under the deal, the first 100,000 vehicles imported into the U.S. by UK car manufacturers each year are subject to the reciprocal rate of 10% and any additional vehicles each year are subject to 25% rates.
  • The United States also recognizes the economic security measures taken by the UK to combat global steel excess capacity and will negotiate an alternative arrangement to the Section 232 tariffs on steel and aluminum.
  • This deal creates a new trading union for steel and aluminum.
  • This includes more than $700 million in ethanol exports and $250 million in other agricultural products, like beef.

    • Trump wrote on Truth Social:

    The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!

    “The Golden Age of America is coming!” added Trump.

    The U.S. placed a 10% reciprocal tariff on U.K. imports in April on top of the 25% global tariffs on cars, steel, and aluminum.

    The U.K. responded with “tariffs on U.S. imports based on the World Trade Organization’s ‘Most Favored Nation’ or MFN rules.” More from Fox Business:

    The U.K.’s average MFN applied tariff rate was 3.8% in 2023, according to the most recent data available. The UK has some high tariffs that affect U.S. exports, such as rates of up to 25% for some fish and seafood products, 10% for trucks, 10% for passenger vehicles, and up to 6.5% for certain mineral or chemical fertilizers.The U.S. goods trade surplus with the U.K. was $11.9 billion in 2024 – a 17.4%, or $1.8 billion, increase over 2023.
    Tags: Britain, Economy, Tariffs, Trump Trade Policy

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