Trump Announces U.S.–U.K. Trade Deal
Thursday's announcement marks the first U.S. trade pact since Trump's global tariff rollout.
On Thursday, President Trump announced a new trade agreement with the United Kingdom—his first formal pact since imposing sweeping tariffs on allies and adversaries earlier this spring.
He called the deal “full and comprehensive,” though U.K. officials described it more modestly, as an agreement to lower tariffs in specific sectors like ethanol, steel, and agriculture. (WSJ)
The agreement is likely to lead to additional negotiations. U.K. Prime Minister Keir Starmer said “You’ll hear more from me about that later today,” and experts expect the fine print to evolve in the coming weeks. It’s unclear whether the baseline 10% U.S. tariff on all imports will be lifted, though British cars and Rolls-Royce engine parts are reportedly among the early beneficiaries. (Washington Post)
The deal is the first major action Trump has taken on trade since imposing sweeping global tariffs, and comes as negotiations with Japan, India and China loom.
📬 In today’s Pro Brief, we unpack what’s actually in the agreement, what’s next, and how the markets are responding
🔐 Become a Pro Subscriber to stay on top of the negotiations shaping global trade.
Keep reading with a 7-day free trial
Subscribe to 47 to keep reading this post and get 7 days of free access to the full post archives.