Trump announces commercial agreement with the United Kingdom

by Andrea
0 comments
Trump announces commercial agreement with the United Kingdom

Chris Kleponis / EPA

Trump announces commercial agreement with the United Kingdom

British Prime Minister Keir Strmer greeted the Trade Agreement with the United States, considering it is “a historic day” in the history of bilateral cooperation between the two countries.

“This is a really fantastic and historical dayin which we can announce this agreement between our two large countries. I think it’s a real tribute to our narrow work history, ”US President Donald Trump said by telephone in television statements.

According to Stmerer, the agreement “It will boost trade“Between both and” protect jobs, but also create them, opening access to the market. “

The prime minister also pointed out that “it could not be more timely” the announcement coincides with the celebrations of the 80th birthday of victory day, the end of the end of World War II in Europe.

At a press conference later, Stmerer said that The deal will eliminate customs customs on steel and British aluminum from 25% to 0% and from the automotive sector from 27.5% to 10%.

The agreement will Open the British market to beef for the first timebut the government guarantees that it has not compromised eating norms.

The US President has gathered by the elimination of “numerous barriers” that will allow a greater Access to the British market for agricultural or chemical products Americans.

“The UK will reduce or eliminate numerous barriers that, unfortunately, unfairly discriminate against American products,” said Trump.

“Due to our long history and loyalty together, it is a great honor to have the United Kingdom as our first announcement,” he wrote. “Many other agreements, which are in serious negotiation phases, will follow! ”He also said, quoted by

The agreement represents a political victory for British Prime Minister Keir Starmer, who can reduce tariffs before other countries and the European Union in particular, but also for Trump, who argued that tariff increase would force countries to renegotiate.

Timothy C. Brightbill, Wiley Rein’s international trade lawyer, said the announcement would probably be “just a deal to start negotiations, identifying a framework of questions to be discussed in the coming months“.
“We suspect that customs rates, non -customs barriers and digital commerce are all on the list – and there are difficult questions to approach in all of them,” he said.

Source link

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC