US EditionTrump, Starmer hail limited US-UK trade deal, but 10% duties remain
- On May 8, 2025, the U.S. And the U.K. Announced a limited trade agreement from the Oval Office, with President Trump and U.K. Prime Minister Keir Starmer presenting the deal.
- The deal followed previous US tariffs of 25% on UK steel and 27.5% on autos, with a 10% tariff baseline planned to remain after negotiations.
- The agreement includes zero tariffs on US steel imports from the UK, tariff-free quotas on British beef and vehicles, and reciprocal market access on ethanol and beef.
- Trump called it a "really fantastic, historic day," while shares in UK automakers and retailers rose, and the deal is expected to create $5 billion in new US export opportunities annually.
- Despite these concessions, the continuing 10% tariff on most UK imports suggests limited immediate impact, though it may form the basis for future tariff reductions and trade talks.
121 Articles
121 Articles
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The United States and Britain announced a new trade deal on Thursday, which President Donald Trump touted as the first of many new bilateral deals with countries around the world. Trump officials claim the new pact with Britain would generate $5 billion in economic opportunities for U.S. exports, although the 10 percent minimum tariff that the United States applied to all countries remains in place. Whatever the White House’s grandiose framing, …
Coventry Telegraph
Gloucestershire LiveKeir Starmer makes UK first to do a trade deal with Donald Trump - have your say
The new deal replaces some of the heavy tariffs announced by the US last month
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.
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