Europe Edition'So good for both countries': Trump touts new UK trade pact
- President Donald Trump and UK Prime Minister Keir Starmer finalized a reciprocal trade agreement on May 8, 2025, in the Oval Office.
- The deal followed Trump's April 2 announcement of broad reciprocal tariffs, including a baseline 10% tariff, aimed at securing fair trade terms.
- The agreement reduces tariffs on British autos to 10% for the first 100,000 vehicles and creates an aluminum and steel trade zone, increasing US market access notably for beef and ethanol.
- Trump described it as "the first in a series of agreements," pledging $5 billion in new export opportunities while Starmer hailed the deal as "really important."
- While the deal benefits both nations, economists warn it will minimally affect the US economy due to existing tariffs, and broader trade tensions, especially with China, remain unresolved.
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·Paris, France
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