USA and UK Seal Sell First of Donald Trump’s Tots War

The United Kingdom has reached the first agreement with the United States since President Donald Trump lit a trade war, gaining cuts on punitive rates in car and steel exports, but failing to reverse a 10 percent flat tax that applies to most goods.

The pact was presented by the President of the United States to the Oval Office, with the Prime Minister of the United Kingdom, Sir Keir Starmer, who joined the telephone and both leaders praised the strength of the relationship between the two countries.

But the extent of the United States-United States Agreement is limited, many details must be ironed, and the end result still allows Britain to face a tougher trade relationship with America than before Trump introduced Global Global Global rates Last month.

North -American stocks increased after the announcement, with the investors animated by the perspective of other offers, including with China, to limit the damage of the fees they have suffocated trade. The S&P 500 increased more than 1 percent, to its highest intrady level since March 27.

United States Treasury Secretary, Scott Bessent and High Chinese officials, are planned to meet in Switzerland this weekend to try Tatruff was Between the two largest economies in the world.

“I will tell you that China wants to make an agreement. We will see how this works,” said Trump. Asked if U.S. rates would be considered to lower Chinese imports, the President of the United States replied: “Right now, it cannot be increased.

The United States-United States Agreement, described by Trump as “complete and complete”, will keep 10 percent of American taxes on most British exports Trump imposed last month.

But it is crucial to the United Kingdom a lodging of the additional 25 percent rates in the cars and metals that had previously been established by the Trump administration and which were of particular tension in Britain.

British steel and aluminum exports would now be zero for rates, according to the United Kingdom government, while the first 100,000 British cars sold in the United States annually – the vast majority of the total – would be subject to a 10 percent reduction.

“This historical agreement offers British business and British workers, protecting thousands of British jobs in key sectors, such as vehicle manufacturing and steel,” said Starmer.

In return, the United Kingdom will offer farmers and farmers to improve market access through a lower rate quota system, but without altering its food standards, paving the way for some beef imports. The United Kingdom will eliminate its rate over the US ethanol, which is used to produce beer.

“Our greatest concern is that … the agricultural sectors have been distinguished to assume the strong burden of eliminating rates for other economy industries,” said Tom Bradshaw, president of the National Union of Farmers in the United Kingdom.

Trump and Starmer teams also agreed to work on a digital trade pact to deepen cooperation and address the worries of the United States on the UK Digital Services Tax, aimed at Big Tech, which is now in its place.

“The United States and the United Kingdom have been working for years to try to make an agreement, and never came.

Directing the workers of the Jaguar Land Rover factory in the West Midlands, Starmer said that the agreement was the beginning of a process. “These are jobs saved, not work,” he said. “We will continue to build this agreement.”

He said he had also negotiated the “preferred treatment” for the UK if Trump decides in the future to increase rates for pharmaceuticals or other sectors, including films.

But Andrew Griffith, a conservative trade spokesman, said that the agreement was disappointing, calling “a diet coc agreement, not the real one.” Tory leader Kemi Badenoch said: “We have just been snatched.”

The United States according to the United Kingdom could provide a workforce for North -American negotiations with other countries: with India, Vietnam, Japan and South Korea considered to reach agreements with Washington.

But Trump warned that the United States would insist that general taxes in countries with large commercial surplus with America could remain much more than 10 percent. “Some will be much higher,” he said. “The 10 -way template is probably the lowest,” he added.

The US-UK Agreement also raised issues between legal and commercial experts as to whether it was in the rules of world trade organization, which require the equally rates to be applied.

Ignacio García Bercero, a former European Commission official now at the Think-Tank in Bruegel, said that the United Kingdom’s decision to reduce rates for American exporters without expanding the same agreement in other countries risked legal challenges.

Under the concept of “most favored nation” of the WTO, countries must offer the same rates in all countries, unless they are reduced by a bilateral trade agreement that covers “substantially all trade”, which the United Kingdom pact announced not on Thursday.

“This is whether the United Kingdom has offered preferential fare concessions in the United States. In the absence of any US commitment to eliminate rates in other countries, this cannot be justified,” added Bercero.

But a commercial lawyer, who refused to be named, said that the rules of the WTO allow commercial offers to become degraded. “They could say that it is the beginning of the negotiations of the free trade agreement and then it takes 10 to 15 years to” conclude, “they said.

Additional Kate Duguid reports to New York