President Trump announced Thursday that the United States intended to sign a commercial agreement with Great Britain that would bring the two nations closer and collect some of the punishment rates that issued in the products of that country.
Both parties consider a deeply beneficial commercial pact, and an agreement has been discussed since Mr. Trump’s first mandate. But Thursday’s announcement was to scan in details, which reflects the hurry of the efforts of the Trump administration to negotiate with more than the nations of the boxes and rework the global commercial system in a matter of months.
The agreement, which Mr. Trump said it would be the first of many, would include Great Britain that would eliminate its tariffs on beef, ethanol, sports equipment and other products, and the purchase of $ 10 billion in Boeing aircraft. The United States in return would reveal the tariffs Trump has put in cars and steel, he thought he will leave a 10 percent tax for all British exports.
The Neinder government has said when they expect the agreement to be definitive. A document published by the Trump administration in Thorsday Evening listed the general priorities of half of the boxes, and said that countries would be immediate negotiations of “developing and formalizing” the issue.
The British government said it was still pressing to reduce the 10 percent rate on most other goods. American officials said they would press Great Britain to reconsider a technology companies tax. The officials of both governments will need to meet in the coming months to mark a more specific language, leaving the potential for disagreements open.
However, the leaders of both nations praised their cooperation in the joint ads on Thors Day that invoked the deep relationship between their countries. Speaking from the Oval office, with Prime Minister Keir Starmer or Britain in Speaker, Trump described him as “great offer for both countries.” Mr. Starmer said it was the 80th anniversary of the victory of the allies in Europe in World War II.
“There are no two closer countries than our two countries,” said Starmer. “And now we lead this to a new and important territory by adding trade and economy to the lock of our relationship.”
British and American companies, including the livestock of the United States and dairy producers, also praised the agreement, although some regretted that the tariffs between the two countries would continue to be higher than they were when Trump assumed the position.
The announcement occurs when the United States runs to finish the agreements with more than one boxes from other countries anxious to avoid Trump’s high rates. American officials have been negotiating with India, Israel, Japan, South Korea and Vietnam, among other commercial partners, for agreements that would eliminate tariffs between countries.
Trump officials also go to Geneva this weekend to discuss commercial problems with Chinese officials, in the midst of an intense confrontation that has closed US trade with China and threatens to leave many companies out of the business.
Amid the festive disputes with many countries, the closest ties with Great Britain seemed to be low fruits for the Trump administration. British officials have looked at an agreement with the United States since he left the European Union in 2020 as a way of compensating reduced trade with Europe, and Trump has introduced an agreement with Britain since the first term.
Trump, who is set with commercial deficits, has also praised the country for having a relatively balanced trade with the United States. Last month, the president imposed the same 10 percent global tariff on Britain that he put in other countries, but not the highest “reciprocal” rates than They applied to many countries that send more products to the United States.
The authorities said on Thursday that their plans would leave the 10 percent tariff on British exports, but they backed others that Trump has put in cars and steel. In return, Great Britain would sacrifice billions of dollars in access to the market for beef and other US exports.
One of the most controversial issues for Great Britain in recent months has been Hant Tariffs that Trump applied to automotive imports, which threatened British companies such as Jaguar Land Rover and Aston Martin.
According to the terms of the new agreement, Great Britain will be able to send 100,000 vehicles to the United States under a 10 percent rate. The British government said that any car sent beyond that level would face a tariff of 27.5 percent, and that American tariffs on British steel would fall to zero. Great Britain sent 92,000 vehicles to the United States in 2024, according to Oxford Economics data.
American companies in turn will obtain more ability to sell to the British government and simplified customs procedures when sold in Britain, according to an informative sheet of the White House. In addition, governments said they cooperate on economic security issues, such as the promulgation of global technological controls and establish a safe supply chain for important products such as steel and pharmaceutical products.
American officials expect the announcement to send a message to other US businesses Partners who agree to open their markets, they could also see some of the rates that Mr. Trump has requested backward.
Mr. Trump’s defenders have praised their ability to deal and said that the global tariffs he has issued have given him extraordinary leverage in other countries. Critics have painted the president as increasingly desperate to resolve a crisis of his own creation, since tariffs begin to increase the prices of the United States and moisten the economy.
Wall Street welcomed the news on Thursday, seeing as a sign that the Trump administration could move to repair ties with other commercial partners. The S&P 500 ended on 0.6 percent higher after reimbursement of some profits starting from Thursday.
Rob Haworth, senior investment strategy at US Bank Asset Management, said the market was “encouraging progress in this agreement.” But he added: “This is clearly a nervous market, and I think we are not yet out of the forest.”
The National Association of Beef of farmers, which the farmers of the farmers, praised the Trump administration for expanding US access to the British market.
“With this commercial agreement, President Trump has provided a tremendous victory for the farmers and ranchers of the American family,” said Buck Wehrbein, a Nebraska winner who directs the group.
Other analysts were less impressed. Paul Ashworth, the Chief of Capital Economics Economics of Capital Economists, wrote in a note that “the” complete and integral “commercial agreement between the United States and the United Kingdom announced today by President Donald Trump and Prime Minister Keir Starmer is not sub -Things.”
“This trouble to demonstrate progress in ‘addresses a growing despair within the administration to reverse tariffs before reaching GDP growth and inflation,” Ashworth added.
Great Britain is the 11th largest commercial partner of the United States in goods, representation of 2.9 percent of the total trade in the United States in the first quarter of the year. The United States sent $ 80 billion of machinery, airplanes, natural gas, crude oil and other products to Britain in 2024, while bought $ 68 billion of cars, pharmaceutical products and other products in return.
The United States is the largest individual business partner in Great Britain, he thought that most of that commercial relationship is in services, which are not affected by tariffs.
The Trump administration notified Congress its intention to negotiate a commercial agreement with Great Britain in 2018. But the conversations never had much traction in Trump’s first mandate.
Duration of the Biden administration, the British officials continued to advocate for a commercial agreement but did not advance due to the skepticism of the Democrats.
At the end of February, at a party at the residence of the British ambassador to Washington, Mr. Starmer, who was visiting, told the secretary of Commerce Howard Lutnick or Great Britain’s interest in focusing on trade, according to a person with knowledge of the conversation. Mr. Lutnick, who supervises a portfolio that includes the United States commercial policy, related to his counterpart in the United Kingdom government, Jonathan Reynolds. British officials made clear the Trump team that wanted to be the first country to reach an agreement.
Trump’s special envoy to Great Britain, the former producer of his “The Apprentice” program, Mark Burnett, participated in the first discussions and was a defender of trying to ensure an early agreement with the country.
With Mr. Lutnick focusing on the general scenario and Jamieson Greer, the United States commercial representative, working through details and execution, governments expelled a framework. Trump also directly committed himself to Mr. Starmer, including the presentation of an hour of 11 hours to promote more in the agreement, British Prime Minister said Thursday.
Mr. Trump liked the idea that Britain was his first partner, given the country’s special relationship with the United States, and thought that the agreement would be a good sign for the world, according to a person with knowledge of his thinking. Great Britain is not an important source of cars or steel for the United States, which helped persuade US officials to leave the tariffs of those products.
The announcement also gives Mr. Starmer a very necessary political victory, appealing to claim its strategy of cultivating a relationship with Trump.
But some analysts have indicated that the agreement left many rates instead and jumped on more controversial problems, such as opening the Great Britain Medical Market to the US colleagues., Or the digital service tax that Great Britain has imported in US technology companies. They suggested that commercial conversations with other governments that are less closely allied with the United States could be more difficult to finish.
“If we are 40 days after the day of liberation, and the first agreement and the only agreement is with a country in which we direct a bilateral commercial surplus that was not seen as a problem when entering a day of liberation, I take it as a child or bearer of Dals to be Deltic,” say “,” Lipsky, the president of the international economy in Atlantic, a thought. He paused most tariffs for 90 days.
Other industry executives expressed nervousness because of the precedent that tariffs on steel, aluminum and foreign cars could be established for other negotiations, or complete the concessions that are unfair to the US industry.
Matt Blunt, president of the American Automotive Policy Council, who repeats Ford, General Motors and Stellantis, said his group was “very disappointed” that the administration had prioritized Great Britain over Canada and Mexico, which are still focused automotive.
Now it would be cheaper, Blunt said, to import a Britain car than one from Mexico or Canada that can obtain half of its parts of the United States.
Mark Landler” Eshe Nelson and Danielle Kaye Contributed reports.
