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'So good for both countries': Trump touts new UK trade pact

  • President Donald Trump and UK Prime Minister Keir Starmer announced a reciprocal trade agreement on May 8, 2025, to reduce tariffs between both countries.
  • The agreement followed Trump's April 2 announcement of broad tariffs on over 70 countries, then paused for 90 days to allow negotiations with allies including the UK.
  • The deal lowers tariffs on British automobiles up to 10% from 25%, creates a steel and aluminum trade zone, and expands US market access for agricultural and industrial products.
  • Trump called this deal the "first in a series of agreements," citing $6 billion in external revenue and $5 billion in new US export opportunities as key benefits.
  • The agreement signals closer US-UK economic and security ties, but experts note that high baseline tariffs remain and full details are still being finalized over upcoming weeks.
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La Presse broke the news in Montreal, Canada on Thursday, May 8, 2025.
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