President Donald Trump on Thursday announced a framework for a new trade agreement with the United Kingdom, describing it as a major step toward putting the United States at the center of a new global trade order.
Speaking from the Oval Office, Trump said the deal would expand market access for American products and strengthen the long-standing relationship between the two nations.
“This is turning out to be a great deal for both countries,” the president said.
Prime Minister Keir Starmer, in office since 2024, participated in a phone call with Trump during the announcement.
“We can finish ironing out some of the details, but there’s a fantastic platform here,” Starmer said, calling the agreement “historic” and saying it will create jobs on both sides of the Atlantic.
The deal, still in its framework stage, is the first to emerge from the Trump administration’s current trade negotiations following a series of sweeping tariff increases announced last month.
On April 2, Trump declared “Liberation Day” for American trade and introduced broad new tariffs, including a 25% duty on foreign automobiles and a 145% tariff on Chinese goods. A week later, he paused some of those tariffs for 90 days to provide time for trade negotiations with allied nations.
Under the proposed agreement with the UK, the United States will apply a 10% tariff on up to 100,000 automobiles imported from the UK, a rate lower than the 25% applied to other foreign automakers. Commerce Secretary Howard Lutnick said the lower tariff would protect UK jobs while maintaining fairness for U.S. producers.
Lutnick also stated that the deal would provide $5 billion in new market access for American exporters and noted the U.S. maintains a relatively balanced trade relationship with the UK, unlike with other major partners.
In a post on social media, Trump celebrated the deal:
“Today is an incredible day for America as we deliver our first Fair, Open, and Reciprocal Trade Deal… America will raise $6 BILLION DOLLARS in External Revenue from 10% Tariffs, $5 BILLION DOLLARS in new Export Opportunities… and enhance the National Security of both the U.S. and the UK.”
Trump said the agreement includes the creation of an “Aluminum and Steel Trading Zone” and a more secure pharmaceutical supply chain between the two nations.
Talks with China are to begin this weekend. Right now there’s a 145% tariff on Chinese imports to the US, and 125% on US goods exported to China. Talks between the two countries are expected to begin this weekend.
The UK is bankrupt. Trump is just throwing them a lifeline for whatever reason, I don’t know. After all, British intelligence agencies were up to their necks in the thoroughly debunked “Russia Collusion” hoax! The infamous Steele Dossier was an entirely fabricated document authored by a British MI6 operative.
Thanks for sharing the great news!
Beats the hell out of “free” trade where the world market exports to the US freely but nearly all countries tax any and all US made imported products.
Its sad that the Dems are too short sighted to realize what it takes to negotiate “fair” trade.
Joe Biden’s free trade only filled the pockets of Biden Inc.
The free trade agreement was last renegotiated, amended and signed by Trump in 2020, not Biden. Get your facts straight.
Kick them off the eternal payroll that ex Presidents and their families rely on. Nothing important has happened in 16 or more years. But they still get paid.
We made a deal with a country we already had a trade surplus with. How much of anything you buy has a made in England stamp? MAGA will fall for any line that he spews.
So…Americans had to pay a 10% tax before the “deal,” and Americans have to pay a 10% tax after the “deal.” We have some of the most economically illiterate people in the world in charge of trade policy. The dumbest part of all of this is that most of the trade deals that Trump is currently tearing apart are the trade deals that he himself wrote and signed. Japan. Canada. Mexico. China.
Tariffs on imports are not “External Revenue.” Tariffs are paid by the importer not the exporter. American’s will pay that $6 Billion one way or another.
Since Carter left Washington the country has put $27 Trillion “on the card” resulting in a total debt of some $36 Trillion or about 6 -7 times annual spending Of all those Presidents, only Clinton was able to create a budget surplus !!! Think about that.
The debt service on that $36 Trillion (~$1+ Trillion) is now about equal to expected (FY 26) spending on defense which is the major discretionary item in the budget!
How did this happen? Every president (with the help of Congress) from Reagan on (except Clinton) cut taxes on the wealthiest Americans while monetary inflation raised spending. Now the current administration is proposing it can cure the problem by taxing imports and have the poorest members of the society pay off the debt of the richest. Jere
Cute the clueless leftists spring whatever NPC talking point gaining traction on the webz. What will they be?