US EditionTrump, Starmer hail limited US-UK trade deal, but 10% duties remain
- On May 8, 2025, in the Oval Office, the U.S. President and the British Prime Minister unveiled a trade agreement focused on lowering tariffs and enhancing economic cooperation between their nations.
- The deal follows tariff disputes initiated by Trump’s administration, which imposed high levies on steel, aluminum, and autos, prompting both sides to seek de-escalation through negotiation.
- Key terms include U.S. Tariffs on British steel dropping from 25% to zero, a 10% tariff on most British cars with a quota of 100,000 vehicles benefiting from a lower rate, and reciprocal market access for British beef and ethanol.
- Trump described the day as “a really fantastic, historic day,” while Prime Minister Starmer called the agreement vital for long-term economic health, though the 10% baseline tariff will remain in place as a floor.
- The deal may offer limited immediate economic effects but represents a foundation for future talks, with both governments hoping it aids long-term growth amid ongoing trade tensions and global uncertainty.
105 Articles
105 Articles
Today's Bags May 9th. Duty, Trump will keep rates at 10% for everyone: There may be exceptions. There will be great agreement with China
The agreement with London and the meeting between Bessent and He Lifeng on the weekend in Switzerland push the Asian and European squares, after yesterday's raises on Wall Street....
Trump is committed to 10% baseline tariff, White House says, despite UK trade deal announcement
President Donald Trump is "committed to the 10% baseline tariff, not just for the United Kingdom, but for his trade negotiations with all other countries," the White House said Friday.
Evening Standard
perspectivemedia.comTrump ‘committed’ to 10% tariff rate despite deal, says White House
Sir Keir Starmer has declined to rule out the possibility of changes to tech taxes in any future agreement.
Trade agreements between the US and the UK: Trump and the nice Mr. Starmer
The superlatives with which Prime Minister Keir Starmer celebrates the trade deal with US President Donald Trump are followed by slight disillusionment. And the question arises as to what he actually means for the relationship with the EU.
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