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Author: Dope1   😊 😞
Number: of 48430 
Subject: Re: Trade deal with UK reached
Date: 05/08/2025 11:35 AM
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Commerce Secretary Howard Lutnick outlined some of the points in the trade agreement with the U.K. during Trump's Oval Office announcement.

"So here's what we've got," Lutnick said. "We've opened up new market access, ethanol, beef, machinery, all the agricultural products. They've agreed to open their markets, and that will add $5 billion of opportunity to American exporters."


https://www.nbcnews.com/politics/trump-administrat...

Under the deal, the United Kingdom will reduce non-tariff barriers to U.S. products, including beef, ethanol fuel, machinery and chemicals, Trump said. The 10% baseline tariff that Trump has applied to dozens of countries will remain in place, but tariffs on vehicles imported from Britain will fall from 25% to 10% to match that baseline, his commerce secretary said.

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