“We have signed it and it is already done,” said Donald Trump with Prime Minister Keir Starmer. It had been announced in May and concluded on Monday. It reaches cars and the aerospace sector.
The one reached with the United Kingdom was the first of the agreements announced after Donald Trump should suspend the application of tariffs in the commercial war launched by the United States against the world. AND This Monday the Republican President and the British Prime Minister Keir Starmer announced the result of a commercial agreement reached between the two allies last month.
Within the framework of the parallel activities that are carried out at the summit of the seven group in Canada, Trump, next to Starmer, said that the relationship with Great Britain was “Simply fantastic”while showing the document they said they had just signed. “We have signed it and it is already done“, said.
Starmer, meanwhile, said The agreement would reach cars and the aerospace tariffs, although it did not offer further details.
Great Britain First, then China
Great Britain was the first country to reach an agreement to reduce tariffs imposed by Trump, with the USA reducing levies on imports of cars, aluminum and steel, and Great Britain accepting to reduce what is applied to beef and ethanol.
With regard to steel and aluminum, the Trump administration agreed to reduce 25% tariffs on imports from Great Britain, on condition of setting a quota for British steel imports that must meet the requirements of the supply chain.
Great Britain had avoided tariffs of up to 50% on steel and aluminum that the US imposed on other countries earlier this month, but could have faced elevated tariffs from July 9 unless an agreement was reached to apply the tariff reduction.
Meanwhile, in May USA and China announced a temporary and reciprocal reduction of tariffs for a period of 90 days, while continuing to negotiate a broader commercial agreement.
Source: Ambito
