“I am delighted to announce that we have concluded a decisive trade agreement with the United Kingdom,” said President Trump during a telephone call with British Prime Minister Keir Starmer.
This is a “historic” agreement with “one of our closest and most expensive allies,” said Trump, who stressed that the deal is “the first in a series of trade agreements that my administration has negotiated in the past four weeks”.
The agreement, which provides for “billions of dollars” in American exports to the British market, ranging from agricultural products to chemicals, will “reduce or even eliminate” the British non -tariff barriers which “unjustly discriminated against American products,” said the American president.
On the other hand, the agreement makes it possible to align the United Kingdom to the economic security of the United States, Trump said.
“In a historic stage, the agreement provides plans that will allow the United Kingdom to join the alignment of economic security in the United States,” he said. This is a “first”, said the American president underlined.
Trump particularly welcomed the announcement of this agreement on the day of the 80th anniversary of victory against Nazi Germany.
It is “incredible” that this “formidable” trade agreement was signed 80 years, day to the day, since the great victory of the Allies, welcomed the tenant of the White House.
The agreement plans to open the British market to “our products, including ethanol, beef, machines,” said trade secretary Howard Lunick, adding that the agreement will add “five billion dollars in opportunities to American exporters”.
Under this agreement, British car manufacturers will be able to export 100,000 cars to the United States with customs duties of 10%, instead of the rate of 27.5%, added the US official.
Note that the agreement aroused cautious optimism to Wall Street in a context of economic uncertainty due to customs duties imposed by the United States.
On the New York financial center, the shares were up and the obligations down on Thursday in the middle of the day, at the time when wait-and-see is the key word among investors who wait to see if he can serve as a model for other agreements to come.
