President Trump on Thursday announced his first trade deal over tariffs and reciprocal trade with the United Kingdom.
“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 while announcing the agreement.
“In addition, the UK will reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products.“
UK Prime Minister Keir Starmer, who joined the ceremony via phone, stated, “With this President and this Prime Minister, we’ve managed to achieve what many people have tried to achieve for many years, and I’m really pleased.”
The White House provided a fact sheet with full details on the agreement.
As The Gateway Pundit reported, the President previewed the announcement in Truth Social posts yesterday and today.
“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!” he said on Thursday morning.
JUST IN: President Trump Set to Announce “MAJOR TRADE DEAL” with United Kingdom at 10 AM ET (WATCH LIVE)
on Tuesday, Trump teased a “very, very big announcement” that he said he plans to make before his trip to the Middle East next week. It is unclear whether this trade deal is his big news or if there is more to come next week.
Tariff negotiations between U.S. and Chinese officials are also scheduled in Switzerland this weekend, The Gateway Pundit reported.
President Trump made the announcement in the Oval Office with Vice President Vance and members of the cabinet on Thursday.
WATCH:
Trump: This agreement with the UK is the first in a series of agreements on trade that my 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. The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol and virtually all of the products produced by our great farmers and our Secretary, as you know, of Agriculture is here. Brooke, thank you very much.
In addition, the UK will reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products. But this is now turning out, I think, really to be a great deal for both countries, because it’ll be really great for the UK also. So, they’re opening up the country. Their country is a little closed, and we appreciate that. They’ll also be fast tracking American goods through their customs process, so our exports go to a very, very quick form of approval, and there won’t be any red tape. Things are going to move very quickly both ways. The final details are being written up in the coming weeks. We’ll have it all very conclusive, but the actual deal is a very conclusive one. We think just about everything has been approved; so good for both countries, and we’ll also receive new market access for American chemicals, machinery, and many other industrial products that weren’t allowed. And they’ll end up getting products that they’ll be able to price and if they like them better, and we make great products, they’ll be buying those products, but they were not available in the UK.
Furthermore, in a historic step, the deal includes plans that will bring the United Kingdom into the economic security alignment with the United States. That’s the first of its kind. So, we have a big economic security blanket, and that’s very important, and we feel very, very comfortable with that, because it’s been a great ally, truly one of our great allies. A lot of people say our greatest ally. I don’t want to insult people by saying that, but I can say it’s certainly one of our greatest and right at the top, and they’re the first one we’re talking about. And by the way, we have many meetings planned today and tomorrow, and every country wants to be making deals. And we have a meeting, as you know, Scott will be going over to Switzerland on Saturday, and that will be very, very interesting. Let’s find out. But I think they want to make a deal very badly too. Both countries have agreed that the economic security is nationally secured, and we’ll be working together as allies to ensure that we have a strong industrial base appropriate export controls and protections for key technologies and industries like steel. Steel is a big factor. Both countries will become stronger with steel and things necessary for military. You know, we used to build ships and other things, literally at a level that nobody has ever seen, and we haven’t— we’ve eased up, and I would say that the UK certainly eased up. But now we’re going to be uneasing Both and we work together.
Starmer: This is a really fantastic, historic day in which we can announce this deal between our two great countries. And I think it’s a real tribute to the history that we have of working so closely together. Can I pay tribute, Donald, to your negotiating team as well, particularly Howard and Jamieson, who’ve done an incredible job, a very professional job, and my team, as well, two negotiating teams have worked [] for a number of weeks to bring in this deal today, a really important deal. This is going to boost trade between and across our countries, it’s going to not only protect jobs, but create jobs, opening market access.
There are no two countries that are closer than our two countries, but now we take this into new and important territory by adding trade and the economy to the closeness of our relationship. It is built, as you say, on those notions of fairness and reciprocal arrangements. We’ve have always had a fair and balanced arrangement between our countries. This builds on that hugely important for sectors like car manufacturing and for steel and aluminum and so many others.
And yes, we can finish ironing out some of the details, but there’s a fantastic platform here, including, of course, on the tech side, where I think I’m right in saying we’re the only two Western countries with trillion dollar sectors when it comes to tech. And in the end, it comes down to, as you say, Donald, economic security is national security. On national security, we’ve been absolutely the closest of allies for so many years, keeping the peace through that close alliance, that friendship.
Now we add to that this deal on trade and the economy, and I want to thank you for your leadership on that, Donald, and for the way in which your team have negotiated this. I’m so pleased that we’ve got this deal, we’ve finalized it, and we’ve built an incredible platform for the future. So, thank you so much.
With this President and this Prime Minister, we’ve managed to achieve what many people have tried to achieve for many years, and I’m really pleased. And it feels completely historic.
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