{"id":4520,"date":"2025-05-09T08:45:45","date_gmt":"2025-05-09T08:45:45","guid":{"rendered":"https:\/\/prepsaret.com\/news\/?p=4520"},"modified":"2025-05-09T08:45:45","modified_gmt":"2025-05-09T08:45:45","slug":"trump-and-starmer-announce-limited-us-uk-trade-deal-tariffs-remain","status":"publish","type":"post","link":"https:\/\/prepsaret.com\/news\/trump-and-starmer-announce-limited-us-uk-trade-deal-tariffs-remain\/","title":{"rendered":"Trump and Starmer Announce Limited US-UK Trade Deal, Tariffs Remain"},"content":{"rendered":"<p><b>Key Takeaways:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The U.S. and U.K. announced a limited trade agreement that maintains a 10% tariff on most British exports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The deal expands U.S. access to the U.K. agricultural market and cuts duties on British cars, steel, and aluminum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Both leaders called the deal historic, but critics say major issues like digital taxes remain unresolved.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">President Donald Trump and British Prime Minister Keir Starmer jointly announced a limited U.S.-U.K. trade agreement on Thursday that both leaders described as a breakthrough for jobs and market access. However, the deal keeps in place a 10% tariff on British exports, leaving larger trade issues still on the table.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking from the Oval Office, Trump declared the agreement \u201cthe first of many,\u201d as his administration seeks to expand its series of <a href=\"https:\/\/prepsaret.com\/news\/amazon-sellers-scale-back-prime-day-plans-due-to-trump-era-tariffs\/\" target=\"_blank\" rel=\"noopener\">tariff negotiations worldwide<\/a>. Starmer joined the announcement via speakerphone, calling the moment \u201chistoric\u201d and emphasizing that the deal protects British jobs while boosting economic ties with the U.S.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The agreement reduces U.S. tariffs on British cars, steel, and aluminum while securing expanded market access for American beef, ethanol, and industrial products. <a href=\"https:\/\/assets.publishing.service.gov.uk\/media\/681343167e56aaab3b5253e5\/united-states-trade-and-investment-factsheet-2025-05-02.pdf\" target=\"_blank\" rel=\"noopener\">U.K. tariffs on U.S. goods<\/a> will drop from 5.1% to 1.8%, but the baseline 10% tariff on British exports to the U.S. will remain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis opens up tremendous market opportunities for American businesses, especially in agriculture and manufacturing,\u201d Trump told reporters. \u201cBritain made a good deal. Others might not get terms this favorable.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Starmer, facing pressure to protect key U.K. industries, said the agreement was worth securing despite the remaining tariffs. \u201cWe would like to go further, but getting this deal done now helps our industries make plans with more certainty,\u201d he said during a press briefing in London.<\/span><\/p>\n<h3><strong>Recommended headlines for you<\/strong><\/h3>\n<ul>\n<li><a href=\"https:\/\/prepsaret.com\/news\/nvidia-adjusts-h20-chip-for-china-to-comply-with-u-s-export-rules\/\" target=\"_blank\" rel=\"noopener\">Nvidia Adjusts H20 Chip for China to Comply With U.S. Export Rules<\/a><\/li>\n<li><a href=\"https:\/\/prepsaret.com\/news\/pope-leo-xiv-first-american-pope-addresses-the-world\/\" target=\"_blank\" rel=\"noopener\">Pope Leo XIV: First American Pope Addresses the World<\/a><\/li>\n<li><a href=\"https:\/\/prepsaret.com\/shrm\/how-does-paying-minimum-wage-affect-the-economy\" target=\"_blank\" rel=\"noopener\">How Does Paying Minimum Wage Affect the Economy<\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Despite the progress, unresolved issues remain. The deal does not address Washington\u2019s concerns over Britain\u2019s 2% digital services tax on online platforms, a sticking point that U.S. officials warned could trigger future disputes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the announcement sparked brief optimism in financial markets, experts cautioned that broader economic uncertainty remains. Sarah Bianchi of Evercore ISI noted, \u201cIf the U.K. can\u2019t get to zero tariffs, it\u2019s unlikely anyone else will.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both leaders promised more negotiations in the coming weeks as Trump\u2019s trade team prepares for talks with other countries, including <a href=\"https:\/\/prepsaret.com\/news\/hong-kong-halts-u-s-bound-postal-shipments-in-response-to-trumps-tariff-hike\/\" target=\"_blank\" rel=\"noopener\">China<\/a> and members of the European Union.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The White House did not provide a timeline for finalizing the agreement but said implementation details are expected soon.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: The U.S. and U.K. announced a limited trade agreement that maintains a 10% tariff on most British exports. The deal expands U.S. access to the U.K. agricultural market and cuts duties on British cars, steel, and aluminum. Both leaders called the deal historic, but critics say major issues like digital taxes remain unresolved. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[330],"tags":[],"class_list":["post-4520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump and Starmer Announce Limited US-UK Trade Deal, Tariffs Remain<\/title>\n<meta name=\"description\" content=\"Trump and Starmer announce a limited US-UK trade deal, keeping 10% tariffs but expanding market access for cars, steel, and agriculture.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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