US EditionTrump, Starmer hail limited US-UK trade deal, but 10% duties remain
- On May 8, 2025, a trade agreement between the United States and the United Kingdom was announced at the Oval Office by the U.S. President and the U.K. Prime Minister, marking a significant development in bilateral trade relations.
- The deal follows Trump's sweeping reciprocal tariffs and global trade tensions, with both sides agreeing despite leaving a 10% baseline tariff on most British imports.
- Key concessions include zero tariffs on U.S. Steel imports from the U.K., tariff-free British quotas on 100,000 vehicles and 13,000 metric tonnes of beef, plus greater U.S. Market access for farm products.
- Trump said the deal "opens up a tremendous market for us," while Starmer called it a "really fantastic, historic day" in teleconference remarks celebrating the agreement.
- Although investors responded positively with soaring stocks, economists predict only modest immediate economic impact, viewing the deal as a step toward longer-term trade growth amid ongoing uncertainties.
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The PM struck the first post-tariff trade deal with Donald Trump - but is it a real win for the UK or just damage control - some tariffs are down, jobs might be saved, but plenty of costs and questions remain
Trump's Tariffs: Deal Or No Deal?
Come and join Byline Times executive editor Peter Jukes, Peter Geoghegan from Democracy For Sale and Byline Podcast host Adrian Goldberg to discuss the impact of Trump’s Tariffs on the UK in light of the Starmer Government’s agreement.What has it achieved? What’s missing? And what don’t we know.Join us today at 2pm BST/9am Eastern/6am PacificJOIN US ON BYLINE LIVEThis Substack is reader-supported. To receive new posts and support my work, consid…
US-UK trade deal: Join Q&A with John Rentoul on historic Trump agreement
The Independent’s chief political commentator, John Rentoul, is here to answer your questions on the landmark US-UK trade deal – from what’s in the agreement to how Keir Starmer sealed the pact with Donald Trump
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