WASHINGTON D.C. - Former President Donald Trump and Labour Party leader Keir Starmer announced a new trade agreement between the U.S. and the U.K. on Thursday, poised too generate billions in opportunities for both nations, particularly within the technology sector. The deal builds on a prior agreement reached in May, initially focused on tariffs and market access for goods like ethanol, agriculture, and machinery.
The latest agreement specifically aims to streamline trade in technology products and services, reduce barriers for U.S. manufacturers seeking access to the U.K.’s aerospace supply chain, and accelerate customs processes for American exports. while Trump maintained a 10% base tariff on most goods from the U.K.,the deal eliminates tariffs on steel and aluminum between the two countries.
“The United Kingdom became the first country to make a trade deal with the United States during my second term, and we sort of wanted to make it the first because the bond is so strong,” Trump stated during a press briefing. He further emphasized the benefits for American farmers, predicting “billions of dollars in opportunities” to sell their products in the U.K.
Starmer hailed the agreement as “historic” upon its unveiling, asserting it “delivers for British businesses and protects U.K. jobs.” He underscored the importance of “reciprocity and fairness” in international trade, a principle Trump also affirmed when the initial agreement was announced.
The U.S. and U.K. have long maintained a “special relationship,” and this series of trade deals signals a continued commitment to strengthening economic ties between the two allies. The May agreement, and now this tech-focused expansion, represent a notable step in fostering bilateral trade and investment.
