Trump unveils first historic trade deal triggered by tariffs
President Donald Trump announced a historic trade deal with the United Kingdom on Thursday that he said will raise the United States $6 billion in “external revenue” and more.
Speaking from the Oval Office with UK Prime Minister Keir Starmer on speakerphone, Trump praised the “tremendous” and “breakthrough” trade deal. The president spoke highly of the United Kingdom, calling the nation “one of our closest and most cherished allies.”
Trump said the agreement with the UK is the first in a series of trade deals that the administration has been negotiating over the past four weeks.
“With this deal the UK joins the United States in affirming that reciprocity and fairness is an essential and vital principle of international trade,” Trump said, adding that the deal will be great for both countries.
According to the White House, the deal expands U.S. market access in the United Kingdom, creating a $5 billion opportunity for new exports for American 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,” the White House explained.
The agreement also streamlines customs procedures for U.S. exports and establishes “high standard commitments in the areas of intellectual property, labor, and environment.”
From the moment he took office, President Trump has been fighting to dismantle the unfair trade practices that have crushed American workers and businesses for decades, piling up a massive trade deficit. The days of accepting lopsided deals are over. Trump’s bold vision is flipping the script, demanding reciprocity and fairness in our trade relationships that will spark a new Golden Age for America.
