President Trump and Commerce Secretary Lutnick Announce New UK Trade Deal

Historic UK-US Trade Agreement

• 🤝 A new trade deal between the US and UK has been finalized, achieving what many have tried and failed to accomplish for years.
• 🎯 This agreement is described as historic and was finalized on a special 80-year anniversary.
• 👏 Tribute is paid to both teams, countries, and leadership for bringing the deal over the line.

Key Aspects of the Trade Deal

• 📈 The UK, the world's sixth-largest economy and fourth-largest US export market, has agreed to open its markets.
• 💡 This deal provides new market access for American exporters in sectors like ethanol, beef, machinery, and agricultural products, adding an estimated $5 billion in opportunity.
• 💰 The US will maintain a 10% tariff on UK imports, generating $6 billion in revenue.

Sector-Specific Agreements

• 🚗 In the automotive sector, the UK can send 100,000 cars to the US with a 10% tariff, protecting their industry and tens of thousands of jobs.
• 🏭 For steel and aluminum, the deal aims to support the resurgence of these industries, with the British government nationalizing British Steel as part of the agreement.
• ✈️ Aerospace includes tariff-free access for Rolls-Royce engines and plane parts, alongside an announcement of the UK purchasing $10 billion worth of Boeing planes.

Deal-Making Process

• ⚡ The deal was reportedly completed in approximately 45 days, significantly faster than typical trade negotiations.
• 🏆 President Trump is highlighted as the "closer" and best dealmaker, instrumental in finalizing agreements that were previously stalled.
• ✅ The agreement is seen as a success for the United States, with improved market access and protected industries.