Inside Trade

May 23, 2025

Trump: UK deal a ‘breakthrough’ offering new market access for the U.S. 

By Dan Dupont  / May 8, 2025 at 11:37 AM
The U.S. and the United Kingdom have reached agreement on a “breakthrough” trade deal, President Trump announced on Thursday, touting new market access for U.S. agriculture and other sectors as well as some relief for UK autos, steel and aluminum – though a new 10 percent tariff rate will remain in place for most imports from Britain. The deal – the “first in a series of agreements on trade,” Trump said – was announced in the Oval Office, with UK...

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