In announcing the deal President Trump said, “The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol, and virtually all of the products produced by our great farmers.”
“The UK will reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products,” said the President. “This is now turning out to be, really, a great deal for both countries.”
The United Kingdom’s Prime Minister Kier Starmer was equally enthusiastic about the new agreement, “This is going to boost trade between and across our countries. It’s going to not only protect jobs, but create jobs, opening market access.”
According to the White House fact sheet distributed with the announcement, this trade deal will significantly expand U.S. market access in the UK, creating a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers.
This includes:
More than $700 million in ethanol exports and $250 million in other agricultural products, like beef.
It commits the countries to work together to enhance industrial and agricultural market access.
It closes loopholes and increases U.S. firms’ competitiveness in the UK’s procurement market.
It ensures streamlined customs procedures for U.S. exports.
It establishes high standard commitments in the areas of intellectual property, labor, and environment.
It maximizes the competitiveness and secures the supply chain of U.S. aerospace manufacturers through preferential access to high-quality UK aerospace components.
It creates a secure supply chain for pharmaceutical products.
It commits the countries to work together to enhance industrial and agricultural market access.
It closes loopholes and increases U.S. firms’ competitiveness in the UK’s procurement market.
It ensures streamlined customs procedures for U.S. exports.
It establishes high standard commitments in the areas of intellectual property, labor, and environment.
It maximizes the competitiveness and secures the supply chain of U.S. aerospace manufacturers through preferential access to high-quality UK aerospace components.
It creates a secure supply chain for pharmaceutical products.
The new agreement eliminates UK tariffs that can exceed 125% on meat, poultry, and dairy products on top of maintaining non-science-based standards that adversely affect U.S. exports.
The reciprocal tariff rate of 10%, as originally announced on Liberation Day, remains in effect. Separate deals on steel, automobiles and aluminum were also agreed.
In comments shared with CHQ the White House Press Office said, “This U.S.-UK trade deal will usher in a golden age of new opportunity for U.S. exporters and level the playing fields for American producers.”
Yesterday’s action also sets the tone for other trading partners to promote reciprocal trade with the United States.
- U.S.-U.K. trade deal
- Trump trade policy
- tariffs
- U.S. farm products
- WW II Victory Day
- U.S. exports
- U.S. energy exports
- United Kingdom’s Prime Minister Kier Starmer
- Ethanol
