Trump Unveils UK Trade Deal, Signals Boost in Trade and Tariff Revenue
‘In the coming weeks, we’ll have it all very conclusive,’ Trump told reporters.
President Donald Trump makes a trade announcement as Secretary of Commerce Howard Lutnick (L), Vice President JD Vance (2nd L), and British ambassador to the United States Peter Mandelson (R), look on in the Oval Office of the White House on May 8, 2025. Jim Watson/AFP via Getty Images
By Andrew Moran
5/8/2025
Updated:
5/8/2025
President Donald Trump, on May 8, provided a broad overview of a prospective trade agreement with the United Kingdom.
The administration’s preliminary deal is the first by the United States since Trump announced his comprehensive April 2 tariff plans.
But while the president stopped short of offering the contours of the deal, he noted that the arrangement will bolster market access for U.S. exports as the United Kingdom will “reduce or eliminate numerous non-tariff barriers that unfairly discriminate against American products.”
Nothing was signed during the announcement.
“In the coming weeks, we’ll have it all very conclusive,” Trump told reporters at the Oval Office.
Trump also posted a chart on Truth Social, pointing to a $5 billion increase in exports, including U.S. beef, ethanol, fruits and vegetables, and other goods. It also highlighted a $6 billion boost in tariff revenues.
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READ MORE: https://www.theepochtimes.com/business/trump-unveils-uk-trade-agreement-promises-export-growth-and-tariff-gains-5854434?ea_src=frontpage&ea_cnt=a&ea_med=top-news-1-top-stories-0-title-0
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