Today is an incredible day for America as we deliver our first Fair, Open, and Reciprocal Trade Deal — Something our past Presidents never cared about. Together with our strong Ally, the United Kingdom, we have reached the first, historic Trade Deal since Liberation Day. As part of this Deal, America will raise $6 BILLION DOLLARS in External Revenue from 10% Tariffs, $5 BILLION DOLLARS in new Export Opportunities for our Great Ranchers, Farmers, and Producers, and enhance the National Security of both the U.S. and the UK through the creation of an Aluminum and Steel Trading Zone, and a secure Pharmaceutical Supply Chain. This Deal shows that if you respect America, and bring serious proposals to the table, America is OPEN FOR BUSINESS. Many more to come — STAY TUNED!
Based on these figures, Badenoch said in a statement:
When Labour negotiates, Britain loses.
We cut our tariffs — America tripled theirs.
Keir Starmer called this ‘historic.’ It’s not historic, we’ve just been shafted!
In fact, the UK was shafted in early April, when President Trump announced his global tariffs. Today’s outcome amounts to a partial unshafting – but not a total one, as Keir Starmer sort of accepted during his Q&A. (See 4.33pm).
When Trump announced his global tariffs, the Tories issued a news release saying this was “disappointing news”. But they criticised Labour for not negotiating exemptions, and they said Britain was getting a Brexit bonus because its tariffs were lower than the EU’s (a situation that lasted only a week, because Trump subsequently suspended the additional tariffs that applied to the EU).
news release about the US-UK trade deal.
And here is the White House’s fact sheet about it.
Keir Starmer is now speaking in the West Midlands.
Trump says the US is working on a deal with the EU.
But dealing with the UK has been easier, he says. He says this deal just “fell into place”.
Brooke Rollins, the US agriculture secretary, says US beef is the best in the world, and the deal is really important for what it means for American farmers. She says she will be going to the US next week.
Source: theguardian.com
