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    1. TimesandSundayTimes on

      President Trump called it a “great deal for both countries”, while Sir Keir Starmer said it was “a significant step in the right direction”. In reality, it was a limited deal necessitated on the UK side by the urgent needs of the car industry.

      Starmer has made concessions to Trump’s agricultural base, offering big cuts on tariffs on beef and ethanol in return for the easing of tariffs on UK car and steel exports. Both sides said they wanted to go further in future negotiations.

      So what is in the deal — and, just as importantly, what is not?

      Cars – The centrepiece was a deal on cars that will mean the tariff on UK exports falling from 27.5% to 10%. Cars are the UK’s biggest export to the US, worth about £9bn last year

      Steel – Trump’s 25% tariff on steel and aluminium hit a UK industry already on the brink of collapse. These metals will now go to the US tariff-free under after agreement on a “new trading union” targeted at China, which has been accused of dumping steel in the West

      Beef – The UK imports almost no beef from the US because it faces tariffs of up to 125% but under the deal, the US will be allowed to export 13,000 tonnes of beef a year tariff-free and UK farmers will have the same access to US markets

      What is not in the deal?

      Britain held firm against US demands to drop the £800m a year digital services tax, a levy that hits Silicon Valley companies. No 10 insisted the tax “remains unchanged as part of today’s deal”.

      However, it remains unclear whether the tax will be on the table during work on a deeper deal involving artificial intelligence (AI) and other technologies.

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