Trump expected to announce details of the U.S and U.K trade agreement

President Trump is set to announce a trade deal with Britain in a news conference Thursday morning, the first of what the administration has said will be many agreements to rework the global trading system.

The deal could be a significant win for both the United States and Britain, which have long valued close relations. Mr. Trump discussed the possibility of a trade deal with Britain in his first term, while British officials have eyed an agreement with the United States since Brexit as a way to offset reduced trade with Europe.

[url]https://www.nytimes.com/live/2025/05/08/us/trump-uk-trade-news[/url]

U.K prime minister... "deal is in a tribute to the history between the U S and U.K"


:applause: .... :cheers:

President Donald Trump touted a “tremendous trade deal” between the U.S. and United Kingdom as he discussed the first trade agreement since he imposed sweeping tariffs in April.

“I'm thrilled to announce that we have reached a breakthrough trade deal with the United Kingdom,” Trump said May 8 from the Oval Office, noting that the agreement happened to fall on "Victory Day" in celebration of the end of World War II. “There could be no more perfect morning to reach this historic agreement,” Trump said.

Trump said the agreement would provide billions of dollars in access for U.S. agricultural products such as beef and ethanol. “They’re opening up their country,” Trump said. “Their country is a little closed and we appreciate it.”

United Kingdom Prime Minister Keri Starmer was put on a speaker phone for the announcement and called it a “really fantastic, historic day” that coincided with the end of World War II in Europe.

“This is going to boost trade between and across our countries,” Starmer siad.

Trump had imposed reciprocal tariffs on a slew of countries April 2 but later paused most of them for 90 days, saying those nations' leaders were eager to negotiate trade deals. Since then administration officials repeatedly have said they are close to making deals.

The UK wasn't hit with a reciprocal tariff, but faced a 10% universal tariff and 25% tariffs Trump imposed on foreign automobiles, steel and aluminum.

Although the details of the trade deal are still unclear, Trump said the United Kingdom has agreed to reduce or eliminate the number of “non-tariff barriers that unfairly discriminated against American products."

“This is now turning out, I think, really to be a great deal for both countries because it will be really great for the UK also,” Trump said.

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[url]https://www.usatoday.com/story/news/politics/2025/05/08/us-uk-trade-deal-trump-announces-agreement/83508333007/[/url]

Dbl post

Senile old man talking to himself in this thread. Yikes.

The question shouldn't really be if MAGA is tired of winning, it should be are the woke libs tired of losing?

Judging from what I've seen on ISH, I would say no they are definitely not tired of losing. They love to lose in fact. Even when Trump delivers a W for the country at large they would rather pretend they are losing.

Overgrown theater kids until the very end.

Reporter: The ports here in the U.S., the traffic has really slowed and now thousands of dock workers and truck drivers are worried about their jobs.

Trump: That means we lose less money.

Let's examine this "full and comprehensive" trade "deal" with the UK:
-The 10% tariffs on goods from the UK into the US remains (so no relief for taxpayers)
-It DOES include lower tariff quotas for UK steel and car exports. Note the use of the word "quotas", so essentially it changes nothing because the quotas have never been met.
-It puts an end to the THREATENED BUT NOT IMPLEMENTED 25% tariffs Trump threatened on steel and car imports
-It's so "full and comprehensive" that it doesn't cover pharmaceuticals
So, the TL:DR here is that the "full and comprehensive" trade agreement with the UK is missing all sorts of points and resulted in *checks notes* ABSOLUTELY NOTHING for the US.
Meaning that our trade war with the UK was settled for ZERO, and Trump is just proclaiming victory even though there's been no change. The only thing this "deal" provided was pending but not yet implemented tariff relief for US citizens on British goods.
Also worth noting that the effective tariff rate in the UK for US goods was 0.5%.
Art of the Squeal

[QUOTE=Lakers Legend#32;15002887]Let's examine this "full and comprehensive" trade "deal" with the UK:
-The 10% tariffs on goods from the UK into the US remains (so no relief for taxpayers)
-It DOES include [B]lower tariff quotas[/B] for UK steel and car exports. Note the use of the word "quotas", [B]so essentially it changes nothing because the quotas have never been met.[/B]
-It puts an end to the THREATENED BUT NOT IMPLEMENTED 25% tariffs Trump threatened on steel and car imports
-It's so "full and comprehensive" that it doesn't cover pharmaceuticals
So, the TL:DR here is that the "full and comprehensive" trade agreement with the UK is missing all sorts of points and resulted in *checks notes* ABSOLUTELY NOTHING for the US.
Meaning that our trade war with the UK was settled for ZERO, and Trump is just proclaiming victory even though there's been no change. The only thing this "deal" provided was pending but not yet implemented tariff relief for US citizens on British goods.
Also worth noting that the effective tariff rate in the UK for US goods was 0.5%.
Art of the Squeal[/QUOTE]

So a tariff quota means a certain amount can be imported before the tariff on it rises. So if you lower the quota, wouldn't it affect the quota that's never been met? Unless it wasn't lowered enough of course.

It also depends on the specifics on the quota. Is it a quota on the amount, purchase time frame or both?

one down, eighty-nine to go.

[QUOTE=diamenz;15002949]one down, eighty-nine to go.[/QUOTE]

We have to make sure the deals are actually good.

So far at a quick glance:

US raises tariffs on UK, UK lowers tariffs on US to 10% with a tariff quota on 100k UK vehicles per year(goes to 25% after the initial 100k)

Goal of getting UK to lower tariffs is to start exporting goods that we didn't export before. If that happens it will create more demand and create jobs, the problem. The commodities market is saying ethanol is a huge winner here because we already export to them so with the lower tariffs from UK we can raise the price for more profit, and are pretty split on beef becoming competitive with Irish imports. This is the first positive thing Trump has done for the economy and I will give him credit where credit is due. Good shit, big guy.

Why did this make sense for the UK? Making the US a competitive importer raises competition with other trade partners, even at the cost of losing out on ethanol.

I would say the US market won this deal while the US consumer lost, so take that as you will. End of the day even Trump administration is only valuing this deal at around $5bil(which seems VERY optimistic), so it's a drop in the bucket anyway.