Trade Deal Between Trump Administration and United Kingdom
The Trump administration has reached a trade deal with the United Kingdom, opening up $5 billion in market access for American exporters. The deal covers various sectors including agriculture, automobiles, and steel. British-made cars will face a ten percent tariff when imported into the U.S., with relief for British automakers compared to other foreign producers. The U.K. has nationalized British Steel and will follow America's model on steel tariffs and quotas. This deal aims to forge an economic security alignment between the two countries.