US EditionUnited States, Britain announce trade deal
- On May 8, 2025, U.S. President Donald Trump announced a bilateral trade agreement with UK Prime Minister Keir Starmer from the Oval Office, with Starmer joining by phone.
- This deal followed years of difficult negotiations after Britain left the EU in 2016 and followed Trump's 10% tariffs on British goods imposed in April 2024.
- The agreement lowers auto tariffs from 27.5% to 10% for 100,000 British cars, removes steel and aluminum duties, and expands U.S. Agricultural access, while keeping a 10% baseline tariff on most British imports.
- Trump called it a “breakthrough trade deal” that will “cement the relationship” and predicted other countries will seek agreements soon, while Starmer described it as a “historic day” and a “real tribute” to their cooperation.
- The pact sent U.S. Markets higher but leaves unresolved issues like the UK's digital services tax and will serve as the first step in ongoing trade talks with many details still to be determined.
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The Straits TimesUS stocks rise after Trump announces UK trade deal
NEW YORK: Stock markets mostly rose on Thursday (May 8) as US President Donald Trump unveiled a trade deal with Britain, boosting hopes for other countries' tariff negotiations. After the tu
'Low-hanging fruit': NYT's Maggie Haberman unimpressed as Trump touts major deal
President Donald Trump is touting his new trade deal with the United Kingdom as a major breakthrough in his push to secure fair trade arrangements for the United States. But New York Times reporter Maggie Haberman is skeptical that it's really what he's making it out to be, and thinks it was more of...
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Breakthrough UK-US Trade Deal Sparks Wall Street Rally
Breakthrough UK-US Trade Deal Sparks Wall Street Rally In a significant move, U.S. President Donald Trump and UK Prime Minister Keir Starmer unveiled a bilateral trade agreement on Thursday. Although Trump's 10% tariffs on British exports remain, the deal moderately expands agricultural access and decreases U.S. duties on British cars.This agreement initiates a series of potential tariff-lowering trade deals Trump hopes to finalize, aiming to re…
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