The first trade agreement with the United States is a groundbreaking transaction | International Trade News

The United States has announced a breakthrough with the UK, which will create aluminum and steel transaction zones and secure a pharmaceutical supply.

The contract confirms that mutual and fairness is an important principle of international trade and increases access to US agricultural products, and US President Donald Trump added that the final details are still being recorded on Thursday.

Trump says the final details are being recorded, reporters said. In the next few weeks, it all has something very crucial.

After Trump imposed a wide range of tariffs, the US first hit the contract also withdraws documents for British companies trying to export to the United States.

The president said that this agreement will lead to more beef and ethanol exports to the UK, which will simplify the processing of US products through customs.

The White House said the contract would bring $ 6 billion in external income from 10 % tariffs, which would remain in place, but a new export opportunity would bring $ 5 billion. The UK has agreed to lower tariffs from 5.1 %to 1.8 %and provide a greater access to US products.

The United States has already operated a trade surplus with the United Kingdom, so it has made it easier to find something in common because it has triggered tariffs in eliminating annual trade deficits with many countries that Trump has used the United States.

British Prime Minister Keir Starmer joined the president in a telephone. Starmer said the contract will increase trade and create jobs.

Thursday announced that it was the first agreement after the Trump administration started a global trade war with a 10 %universal fee. The United States also imposed 25 %tariffs on cars, steel and aluminum, 25 %tariffs of Canada and Mexico, and 145 %of tariffs in China. The US and Chinese officials are scheduled to have a conversation in Switzerland on Saturday.

British meaning

Starmer has a warm relationship with Trump since the Labor Party on the center was elected in July.

The STARMERS government has been trying to build a new transaction relationship after BREXIT with the US, China and the EU.

The chief executive of economists and FTSE 100 companies is likely to have a limited economic impact of tariffs, the highest capitalized Blue chip company, the highest capitalized blue chip company, but in general, the trade agreement will help long -term growth. The UK hit a free trade agreement with India this week.

The United States and the United Kingdom aims to be a bilateral trade agreement since the British people voted to leave the EU in 2016, which allowed the state to negotiate independently with other continents. Prime, Boris Johnson, at the time, promoted a future contract with the United States with BREXIT's incentives.

According to the Census Bureau, the United States operated a $ 199 billion trade surplus last year in a product with the UK. The $ 68 billion imported from the UK was only 2 %of all products imported into the United States.

The market reacts

In the United States, Trump's confusing policy decisions are under pressure to remove tariff wars from investors after the chaotic policy decision supports the world's trade with friends and enemies, threatening inflation and starting the recession.

On April 2, after the president imposed a 10 %tariff in most countries on April 2, the top officials of the United States were involved in meetings with trading partners.

In Wall Street, the US market responded to news that I hope this could be enough to prevent the economic downturn.

In the US (15:30 GMT) at 11:30 am, the S & P 500 increased 0.97 % and ranked 11th in the last 13 days. The industrial average of Dow Jones was 1.02 % higher, and the NASDAQ composite, which has a lot of technology, was 1.17 % higher than the market opening.

The stock has been swinging for several weeks, hoping that Trump can trade with other countries that lower tariffs, and many investors believe that if they leave unpaid, they will cause a recession.

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