The United Kingdom has concluded a historic trade agreement with the United States, marking an important moment in post-Brexit trade and providing a rescue buoy to the main British industries.
The pact, hailed as “historical day“British Prime Minister Keir Starmer and US President Donald Trump will reduce prices on a range of exports, helping to preserve thousands of jobs in the United Kingdom in sectors such as automotive manufacturing, steel and agriculture. The United Kingdom would become the first country to conclude an agreement with the United States after imposing prices in the United Kingdom in the United States.
The American and British trade agreement provides for several goods
Days announced after a similar agreement with India, this British-American agreement represents a substantial change in transatlantic trade relations. Under the terms of the agreement, American prices On British cars exports, will drop from 27.5% to 10% to up to 100,000 vehicles per year, a figure that corresponds almost to car exports to the United Kingdom to the United States last year. Jaguar Land Rover, a key beneficiary, should save hundreds of millions of pounds.
“This agreement ensures greater certainty for our sector and the communities it supports,” said JLR CEO Adrian Mardell, who highlighted the vital role in the automotive industry in maintaining 250,000 jobs in the United Kingdom.
It is equally important to eliminate a 25% rate on British steel exports, a decision that occurs only a few weeks after the British steel industry has changed on the edge of collapse. The agreement follows the Direct Intervention of the Prime Minister Starmer to stabilize British steel, ensuring that operations in places like SCUTHORPE continue and thousands of jobs are maintained.
“These are saved jobs, the jobs have won, but not the work done,” said Starmer.
“My government is determined to go further and faster to strengthen the UK economy, putting more money in the pockets of workers as part of our change plan.”
Starmer.
The agreement also includes provisions for agricultural trade. British farmers will be able to export up to 13,000 metric tonnes of beef in the United States without a price, while maintaining strict domestic food security standards.
Trump has acknowledged that although there is no relaxation of British beef import rules, the United States would benefit from new “unprecedented” market, citing an opportunity of $ 5 billion for American exporters.
The United Kingdom responds to the gesture
In a reciprocal decision, the United Kingdom will eliminate ethanol prices – heavily used in British manufacturing – and will provide better access to British markets for ethanol, machines and American vehicles.
Trump, who announced the agreement of the Oval Office, praised him as “a huge trade agreement for the two countries”. While some details remain unresolved, including digital service taxes affecting American technological companies, Trump said: “The final details are in writing and will end in the coming weeks.”
The agreement also triggered the optimism of a wider collaboration. A future partnership is being discussed in advanced technologies, including biotechnology, nuclear merger, quantum computers and aerospace. The agreement should also pave the way for a digital commercial pact aimed at reducing documents for British companies exporting to the United States.
Business and Trade Secretary Jonathan Reynolds Called the “a major victory” agreement for the British industries.
“Our calm and proactive approach has reduced prices for British industry and reduces costs for businesses. But this is only the beginning – we work towards a broader economic framework with the United States. ”
Reynolds.
Although questions remain, in particular around pharmaceutical products and digital taxation, the two governments have agreed that the United Kingdom will receive preferential treatment in any tariff survey Section 232.
While Prime Minister Starmer noted: “The new world era requires a government that is intensifying, not the gap.” With consecutive agreements with India and the United States, the United Kingdom seems to make a decisive declaration on its post-Brexit economic strategy-that based on strong world alliances and the protection of national industries.
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