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Trump's week in review: UK trade deal, illegal immigration crackdown, American pope

  • On Thursday, May 8, 2025, President Donald Trump announced a new trade agreement between the United States and the United Kingdom during an event held in Washington, D.C.
  • The agreement came after attempts to resolve tariff disagreements, yet a standard tariff of around 10% still applies to the majority of goods imported from the U.K.
  • The agreement expands market access for American beef and ethanol, removes tariffs on steel and aluminum, and reduces U.K. Vehicle export tariffs to 10%.
  • At a White House event, Howard Lutnick, the U.S. Commerce Secretary, highlighted that the 100,000-vehicle quota at a 10% tariff rate captures nearly all British car exports, and that Britain is set to purchase $10 billion worth of Boeing aircraft.
  • This trade deal partially lowers U.S.-U.K. Tariffs, maintains some barriers, and could become a model for future U.S. Agreements with other countries.
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readthepeak.com broke the news in on Friday, May 9, 2025.
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