“A Great Deal for Both Countries”:President Trump Announces Big, Beautiful, Breakthrough Trade Deal with UK
The UK agreement increases access for beef and ethanol.
“Economic security is national security.”
“A great deal for both countries”
Dow futures rise 200 points after Trump announces U.S.-UK trade deal
WATCH LIVE: Trump Unveils U.S.-UK Trade Agreement https://t.co/yvWmPEkSam
— Josh Caplan (@joshdcaplan) May 8, 2025
Trump says U.S. has struck ‘comprehensive’ deal with UK
By: CBNC, May 7 2025:
The White House is due to hold a news conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.
U.S. President Donald Trump said Thursday: “The agreement with the United Kingdom is a full and comprehensive one.”
Britain, which runs a trade deficit with the U.S., was spared the higher “reciprocal” tariffs when Trump announced his “Liberation Day” duties, although it was still hit with the baseline 10% levy.
Trump to announce U.K. trade deal: Here’s what to expect
Britain is set to sign a trade deal with the U.S., making it the first country to do so after the world’s largest economy announced stiff “reciprocal” tariffs against friends and foes alike in April.
The White House is due to hold a news conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.
In a post on Truth Social, U.S. President Donald Trump said Thursday: “The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come.”
“Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!”
A spokesperson for the office of U.K. Prime Minister Keir Starmer told CNBC: “The United States is an indispensable ally for both our economic and national security. Talks on a deal between our countries have been continuing at pace and the Prime Minister will update later today.”
The U.K.’s central bank cut interest rates by a quarter-percentage-point on Thursday. The Bank of England said in a statement that global growth prospects had weakened as a result of tariff uncertainty and announcements, but added that negative impacts on U.K. growth and inflation were “likely to be smaller.”
The decision came after the U.S. Federal Reserve on Wednesday held rates, noting that risks to both higher unemployment and higher inflation have risen.
Source: https://gellerreport.com/2025/05/us-uk-trade-deal.html/
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