Trade Deals

SOURCE www.breitbart.com
The White House announces more trade deals are coming following a bilateral agreement with the United Kingdom, opening up $5 billion in new access for American producers in U.K. markets.

Key Points

  • Forecasts of more trade deals to come
  • Access for American producers to various U.K. markets

Pros

  • Opening up $5 billion in new access for American producers in U.K. markets
  • Reduction of tariffs on British automobiles to ten percent for the first 100,000 cars imported into America annually
  • No tariffs on Rolls-Royce plane engines used by certain American plane manufacturers

Cons

  • Additional imports will face a 25 percent tariff after the first 100,000 cars
  • Some American-made products may face competition in the U.K. markets