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
1. Lower tariffs on the UK side reduces the cost to UK firms importing American goods. It’s a tax cut in effect. Less tax revenue for His Majesty’s Revenue and Customs (HMRC).
2. Higher tariffs on the USA side means the stuff Americans buy from the UK is getting more expensive because it’s going to be tariffed - ie taxed more by the federal government.
Sometimes the export is so profitable that the exporter will cover the cost of the tariff, in part if not fully.
If Trump wants $100 in tariffs for a tonne of British stuff, the Brits might pay half, the importer might pay half, and the consumer has to accept whatever price increase is passed on by the importer. It’ll depend on the demand, the profitability, and the margin.
So it’s a great deal. We get lower taxes in the UK, while your government gets your importers to pay a chump change amount off your deficit.
What’ll be really interesting is if HHS under RFK gets all that chemical crap out of your farming industry, like Australia already has done.
Finally you’ll have meat products the British will actually want to buy, without the chemicals... And you’ll have healthier meat in your diets.
Which is great news for me as like eating buffalo, bison, moose, elk, reindeer, and kangaroo. Deer is reasonably priced. But the others cost a bomb at the moment.
This could be a game changer for meaties, and a catastrophe for yoghurt knitting vegan tards.
The Art of the Deal in action by a real president.
Just yesterday I discovered the autovent in my greenhouse is made by Bayless in Derbyshire. I was just going to see if I can order new wax for it. Who knew?
I thought we were doing a more equitable deal.
Raising our tariff against them is not.
From what I see our old tariff with them was fine.
Full disclosure, I do buy UK parts for my cars as they are the only not-Chinese source.
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