[CTC] US and UK press releases about UK trade deal

Thu May 8 09:17:51 PDT 2025

*Still no text, but some press releases.  Note the digital services tax
issue highlighted earlier this morning reportedly isn’t part of the deal.*

https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-u-s-uk-reach-historic-trade-deal/

*Fact Sheet: U.S.-UK Reach Historic Trade Deal*

*ESTABLISHING A NEW PARADIGM FOR OUR SPECIAL RELATIONSHIP: *Today, on the
80th anniversary of Victory Day for World War II, President Donald J. Trump
and Prime Minister Keir Starmer announced a historic trade deal, providing
American companies unprecedented access to the UK markets while bolstering
U.S. national security. This is a great deal for America.

   - President Trump: “The deal includes billions of dollars of increased
   market access for American exports, especially in agriculture, dramatically
   increasing access for American beef, ethanol, and virtually all of the
   products produced by our great farmers.”
      - “The UK will reduce or eliminate numerous non-tariff barriers that
      unfairly discriminated against American products.”
   - “This is now turning out to be, really, a great deal for both
      countries.”
   - Prime Minister Starmer: “This is going to boost trade between and
   across our countries. It’s going to not only protect jobs, but create jobs,
   opening market access.”
   - This trade deal will significantly expand U.S. market access in the
   UK, creating a $5 billion opportunity for new exports for U.S. farmers,
   ranchers, and producers.
      - This includes more than $700 million in ethanol exports and $250
      million in other agricultural products, like beef.
   - It commits the countries to work together to enhance industrial and
      agricultural market access.
   - It closes loopholes and increases U.S. firms’ competitiveness in the
      UK’s procurement market.
   - It ensures streamlined customs procedures for U.S. exports.
   - It establishes high standard commitments in the areas of intellectual
      property, labor, and environment.
   - It maximizes the competitiveness and secures the supply chain of U.S.
      aerospace manufacturers through preferential access to high-quality UK
      aerospace components.
   - It creates a secure supply chain for pharmaceutical products.
   - The reciprocal tariff rate of 10%, as originally announced on
   Liberation Day, is in effect.
   - The United States will agree to an alternative arrangement for the
   Section 232 tariffs on UK autos.
      - Under the deal, the first 100,000 vehicles imported into the U.S.
      by UK car manufacturers each year are subject to the reciprocal
rate of 10%
      and any additional vehicles each year are subject to 25% rates.
   - The United States also recognizes the economic security measures taken
   by the UK to combat global steel excess capacity and will negotiate an
   alternative arrangement to the Section 232 tariffs on steel and aluminum.
      - This deal creates a new trading union for steel and aluminum.
   - This U.S.-UK trade deal will usher in a golden age of new opportunity
   for U.S. exporters and level the playing fields for American producers.
   - Today’s action also sets the tone for other trading partners to
   promote reciprocal trade with the United States.

*A FRAMEWORK TO BOLSTER ECONOMIC SECURITY: *President Trump continues to
advance the interests of the American people, enhancing market access for
American exporters and lowering tariff and non-tariff barriers to protect
our economic and national security.

   - On April 18, President Trump had a call with Prime Minister Starmer to
   discuss our bilateral trade relationship.
   - U.S. total goods trade with the UK was an estimated $148 billion in
   2024.
   - The UK average applied agricultural tariff is 9.2% while the U.S.
   average applied agricultural tariff (prior to April 2) was 5%.
   - The UK maintains certain tariff and non-tariff barriers that restrict
   market access and create an unfair playing field for American workers and
   businesses.
      - For example, the UK imposes tariffs that can exceed 125% on meat,
      poultry, and dairy products on top of maintaining non-science-based
      standards that adversely affect U.S. exports.
   - On April 2, 2025, Liberation Day, President Trump imposed a 10% tariff
   on all countries to address unfair trade practices that have contributed to
   America’s trade deficit and imbalances in order to better protect American
   workers and our national security.

*A MILESTONE IN ADVANCING AN AMERICA FIRST TRADE POLICY:* Since Day One,
President Trump challenged the assumption that American workers and
businesses must tolerate unfair trade practices that have disadvantaged our
workers and businesses for decades and contributed to our historic trade
deficit.

   - Reversing these conditions and addressing the lack of reciprocity in
   America’s trade relationships will bring about a new Golden Age and Make
   America Great Again.
   - President Trump continues to advance the interests of the American
   people, enhancing market access for American exporters and lowering tariff
   and non-tariff barriers.
   - The Economic Prosperity Deal with the United Kingdom is a critical
   step forward in a special relationship to promote reciprocal trade with a
   key ally and partner.

https://www.gov.uk/government/news/landmark-economic-deal-with-united-states-saves-thousands-of-jobs-for-british-car-makers-and-steel-industry

Press releaseLandmark economic deal with United States saves thousands of
jobs for British car makers and steel industry

Thousands of jobs have been saved as the Prime Minister secured a
first-of-a-kind trade agreement with the US.

   - Britain secures the first US trade deal protecting British business
   and British jobs, the second landmark deal in Britain’s national interest
   in a matter of days following the India deal
   - Prime Minister delivers on his promise to save UK steel and British
   car makers – saving thousands of jobs across the country
   - US tariffs on automotives immediately slashed from 27.5%, with steel
   and aluminium reduced to zero
   - Unprecedented market access for British farmers with protections on
   food standards maintained

Thousands of jobs have been saved as the Prime Minister secured a
first-of-a-kind trade agreement with the US.

It is the second major trade announcement this week – following the India
Free Trade Agreement on Tuesday, this historic agreement with the US to
slash tariffs delivers for UK carmakers, steelworks and farmers –
protecting jobs and providing stability for exporters.

Car export tariffs will reduce from 27.5% to 10% - saving hundreds of
millions a year for Jaguar Land Rover alone. This will apply to a quota of
100,000 UK cars, almost the total the UK exported last year.

The Prime Minister visited Jaguar Land Rover last month announcing greater
freedom for car manufacturers to back British industry in the face of
global headwinds. During this visit he told workers he would accelerate
trade deals to protect their jobs, their livelihoods, and to champion
British business worldwide.

The UK steel industry – which was on the brink of collapse just weeks ago –
will no longer face tariffs thanks to today’s deal. The Prime Minister
negotiated the 25% tariff down to zero, meaning UK steelmakers can carry on
exporting to the US. This follows last month’s intervention from the Prime
Minister to take control of British Steel to save thousands of jobs in
Scunthorpe.

In a win for both nations, we have agreed new reciprocal market access on
beef – with UK farmers given a tariff free quota for 13,000 metric tonnes.
There will be no weakening of UK food standards on imports.

We will also remove the tariff on ethanol – which is used to produce beer -
coming into the UK from the US, down to zero.

It is one of many international deals that the Government is landing to
boost our economy – following an Indian trade deal which will add £4.8
billion to the UK economy and £2.2 billion in wages every year.
Prime Minister, Keir Starmer, said:

The new global era demands a government that steps up, not stands aside.

This historic deal delivers for British business and British workers
protecting thousands of British jobs in key sectors including car
manufacturing and steel.

My government has put Britain at the front of the queue because we want to
work constructively with allies for mutual benefit rather than turning our
back on the world.

As VE Day reminds us, the UK has no greater ally than the United States, so
I am delighted that eight decades on, under President Trump the special
relationship remains a force for economic and national security.

This is jobs saved, jobs won but not job done and our teams will continue
to work to build on this agreement.

My Government is determined to go further and faster to strengthen the UK’s
economy, putting more money in working people’s pockets as part of our Plan
for Change.

Business and Trade Secretary Jonathan Reynolds said:

I am delighted our calm approach and proactive engagement with the US has
resulted in this deal which cuts tariffs for UK industry and cuts costs for
businesses.

Businesses across the country will be glad to see our approach working, but
this is only the beginning. We look forward to strengthening our trading
relationship with the US through a wider economic deal, which will help us
to deliver on our Plan for Change to provide economic stability and make
this country fit for the future.

Adrian Mardell, Chief Executive Officer, JLR said:

The car industry is vital to the UK’s economic prosperity, sustaining
250,000 jobs. We warmly welcome this deal which secures greater certainty
for our sector and the communities it supports. We would like to thank the
UK and US Governments for agreeing this deal at pace and look forward to
continued engagement over the coming months.

Work will continue on the remaining sectors – such as pharmaceuticals and
remaining reciprocal tariffs. But – in an important move – the US has
agreed that the UK will get preferential treatment in any further tariffs
imposed as part of Section 232 investigations. The deal opens the way to a
future UK US technology partnership through which our science-rich nations
will collaborate in key areas of advanced technology, for example biotech,
life sciences, quantum computing, nuclear fusion, aerospace and space.

The Digital Services Tax remains unchanged as part of today’s deal. Instead
the two nations have agreed to work on a digital trade deal that will strip
back paperwork for British firms trying to export to the US – opening the
UK up to a huge market that will put rocket boosters on the UK economy.
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