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Trump and Starmer celebrate historic trade deal: tariffs fall, jobs rise!
US President Trump announces a historic trade agreement with Great Britain that cuts tariffs and creates jobs.
Trump and Starmer celebrate historic trade deal: tariffs fall, jobs rise!
In an exciting turn of events on the international trade stage, the US and UK have struck a new trade deal that is making waves. US President Donald Trump, who is aiming for a “fair and job-creating” step with his pact, described the agreement as an enormous success. British Prime Minister Keir Starmer, on the other hand, sees this day as a “very good day for our two countries” and emphasizes the positive aspects that this agreement will bring with it. The trade pact was launched in early May 2023 and is the US's first trade agreement with a major partner since the imposition of tariffs in April 2023, as [verlagshaus-jaumann.de].
What does that mean specifically? The tariff rate for up to 100,000 British vehicles will be drastically reduced from 25 to 10 percent. US tariffs of 10 percent currently apply to most export goods from Great Britain, while steel, aluminum, cars and auto parts currently face 25 percent tariffs. There will be special relief for American beef and ethanol that Great Britain imports. Trump sees this as having not only economic but also political significance for national security and the creation of new jobs in the USA.
Growth and collaboration
In recent years, company bosses and investors have pushed for trade deals to reduce the impact of high tariffs on cars, steel and products from China. The new pact gives American agricultural products and chemicals easier access to the British market. In addition, Great Britain plans to buy aircraft from the USA on a large scale. Trump announces that many more trade deals are already in an advanced stage, which provides additional momentum, as [tagesschau.de](https://www.tagesschau.de/ausland/ Amerika/zoelle-usa-uk-vertrag-100.html) notes.
The negotiations on this contract, which took over five years, were made necessary by Brexit and the resulting new trading conditions. Great Britain has established itself as the USA's ninth most important trading partner, with a trade volume of around 130 billion euros last year. Under the new agreements, imports of US meat into the UK are expected to increase, of course while respecting safety standards. The trade balance between the two countries remains largely balanced.
A historic moment?
Trump announced the agreement as “complete and comprehensive” at a news conference and characterized it as historic. This is causing mixed reactions - while Starmer sees the deal as a win for Britain, there are concerns that this agreement could hinder rapprochement with the EU. An EU-UK summit to deepen relations is already scheduled for May 19th. The trade deal between the USA and Great Britain could not only strengthen the economic relations of both countries, but also have far-reaching political consequences, as zdf.de highlights.