President Donald Trump announced a new trade agreement with the United Kingdom on Thursday, describing it as a 'full and comprehensive' deal that will strengthen the relationship between the two nations for years to come. The agreement aims to increase market access for U.S. exports, particularly in agriculture, with specific mentions of beef, ethanol, U.S. chemicals, and machinery.
The deal includes provisions for the U.K. to reduce non-tariff barriers, fast-track U.S. goods through customs, promising quicker movement of products in both directions, and eliminate red tape. It also plans to align the U.K.'s economic security with that of the U.S., opening up new markets for U.S. chemicals, machinery, and other industrial products, while providing the U.K. with access to previously unavailable U.S. products.
Trump highlighted that the agreement is the first of many, signaling his administration's intent to negotiate further trade deals. The final details of the U.S.-U.K. trade deal are expected to be completed in the coming weeks, with both countries having multiple meetings planned to finalize the terms. The U.K. is also set to open up its markets for U.S. agricultural products, while the U.S. will do the same for U.K. agricultural products.
🇺🇸🇬🇧 BREAKING NEWS: Trump Secures $5B UK Trade Win!
President Trump’s deal with the UK is a massive victory for America! $5 billion in new markets for our farmers and producers, plus $6 billion in revenue from tariffs. This is America First in action, strengthening our economy https://t.co/SGxajJfzWp