Trump, Starmer Hail Limited US-UK Trade Deal, But 10% Tariffs Remain
US President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement that leaves
By: : Daniel
Update: 2025-05-09 03:15 GMT
Trump, Starmer Hail Limited US-UK Trade Deal, But 10% Tariffs Remain
US President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement that leaves in place Trump's 10 per cent tariffs on British exports, modestly expands agricultural access for both countries and lowers US tariffs on British car exports.
The "General Terms" agreement is the first of dozens of tariff-lowering deals that Trump expects to land in coming weeks after upending the global trading system with steep new import taxes aimed at shrinking a $1.2 trillion US goods trade deficit.
He pushed back against seeing the UK deal as a template for other negotiations, saying that Britain "made a good deal" and that many other trading partners may end up with much higher final tariffs because of their large US trade surpluses.
Trump hailed the deal in the Oval Office with Starmer patched in on a speaker phone, as US Treasury Secretary Scott Bessent and top trade negotiator Jamieson Greer head to Switzerland to launch negotiations with Chinese negotiators.