Posted on 05/08/2025 9:00:12 AM PDT by SeekAndFind
Speaking to reporters and the American people from the Oval Office Thursday morning, President Donald Trump detailed a new trade agreement between the United Kingdom and the United States just one month after Liberation Day.
"I think it's a great deal for both parties," Trump said. "It opens up a tremendous market for for us."
"I think it's going to be something very special for the UK and for the United States," he continued.
🚨President Trump announces the "historic" details of his trade deal with the U.K.
"The deal includes a plan that will bring the United Kingdom into the economic security alignment with the United States. That’s the first of its kind." pic.twitter.com/1zkDeSNAOo— Townhall.com (@townhallcom) May 8, 2025
As we sift through details of the deal, here are the basics.Â
"Today is an incredible day for America as we deliver our first Fair, Open, and Reciprocal Trade Deal — Something our past Presidents never cared about. Together with our strong Ally, the United Kingdom, we have reached the first, historic Trade Deal since Liberation Day," Trump posted on Truth Social.
"As part of this Deal, America will raise $6 BILLION DOLLARS in External Revenue from 10% Tariffs, $5 BILLION DOLLARS in new Export Opportunities for our Great Ranchers, Farmers, and Producers, and enhance the National Security of both the U.S. and the UK through the creation of an Aluminum and Steel Trading Zone, and a secure Pharmaceutical Supply Chain. This Deal shows that if you respect America, and bring serious proposals to the table, America is OPEN FOR BUSINESS. Many more to come — STAY TUNED!" he continued.Â
President Trump proves his critics wrong with major trade deal with the U.K., adding that more deals are coming soon.
"We have many meetings planned today and tomorrow. Every country wants to be making deals." pic.twitter.com/B0w06F07dE— Townhall.com (@townhallcom) May 8, 2025
Outstanding...except for one potential fly in the ointment. Starmer is trying to get the UK back in the EU, if not openly, then through whatever back door they can create. I would not want the EU to either take advantage of this deal or control it in any way.
I do not understand:
1. UK Tariffs were 5.1 percent, now 1.8 percent
2. US Tariffs were 3.4 percent, now 10 percent
Are those UK tariffs on US goods and US Tariffs on UK goods?
And if fair trade with reciprocal tariffs is the goal, why is there any differential at all?
Wouldn’t it be funny if the upshot of the Trump tariffs was free trade!
>Wouldn’t it be funny if the upshot of the Trump tariffs was free trade!
FAIR trade. The prior arrangement was incoming-free, outgoing-strangled (not just UK but everwhere).
WTF?
No, I do not like this.
Out of curiosity, why not? It sounds like we are getting a really great deal compared to what the Brits are getting. We keep most of our tariffs against them, while they lower most of their tariffs against us and open their markets to more of our products and agriculture. It might seem a little unfair to the Brits but we do provide a lot of their defense and their government does make money from our goods through their VAT tax, so I don’t think we’re being too tough on them.
I’m a little surprised Trump actually got them to agree to all this, but I see Starmer also just made a deal with India where the UK likewise ended up with the short end of the stick, so maybe Starmer’s just not a tough negotiator.
Zero tariffs on UK cars now coming into the US. That’s a pretty big deal for them.
Range Rover/Land Rover is pretty good. But they spend half their time in the shop. Apart from video discs from the BBC I can’t think of anything I want from Britain.
Now if only we could sell them eggs, and they could export Heinz beans...
.
Ever since I started hearing about this UK-US trade deal I’ve been wracking
my brain trying to figure out what the heck I buy that comes from the UK.
I still haven’t thought of anything.
“…I can’t think of anything I want from Britain……”.
What? Mushy Peas, Toad in the Hole, Black Pudding, Jellied Eels,
Haggis, Marmite, Angels on Horseback, Bubble and Squeak,
Pork Pie, Bangers and Mash, Spotted Dick . . .
bet I had you til we got to Spotted . . . .
Is it zero tariff on UK cars? I read it as 10% on first 100k, then it goes up to 25% tariff thereafter.
“Under the deal, the first 100,000 vehicles imported into the U.S. by UK car manufacturers each year are subject to the reciprocal rate of 10% and any additional vehicles each year are subject to 25% rates.”
Yes! :)
Yes, the deal was for 100k cars, but what I read may have been incorrect—I saw it as zero.
“The deal includes a plan that will bring the United Kingdom into the economic security alignment with the United States. That’s the first of its kind.”
What does that mean?
Oh thank goodness for this! I was afraid that if we had high tariffs with the UK, my beloved Stilton Cheeses and Lucas Automotive Electrical parts would become unaffordable!
This is what the UK is saying:
Car export tariffs will reduce from 27.5% to 10% - saving hundreds of millions a year for Jaguar Land Rover alone. This will apply to a quota of 100,000 UK cars, almost the total the UK exported last year.
.
No you didn’t. I looked up the food items you listed (the ones I was unfamiliar with)
to seen if any sounded appetizing. All I can say is that I am still not a fan
of English food. Nope.
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