US announces trade 'deal' with China
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Final details are under wraps but Trump promised the deal provides billions of dollars in access for U.S. agricultural products like beef and ethanol.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Trump said this would boost U.S. exports of beef, ethanol and other goods — though details on food standards still need to be worked out. The 10% U.S. tariff on imports of most British goods remains.
Trump imposed "reciprocal" tariffs on nearly all other countries, but quickly paused them to allow time to negotiate trade agreements with the United States.
5don MSN
President Donald Trump has agreed to cut tariffs on British autos, steel and aluminum in a planned trade deal.
Trump said the agreement affirms "reciprocity and fairness is an essential and vital principle of international trade."
President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.
President Trump hosted United Kingdom Prime Minister Keir Starmer at the White House on Thursday for discussions focused on the Russia-Ukraine war. President Trump is hosting United Kingdom Prime ...
President Trump makes announcement on U.K. trade deal. The deal is the first by the United States with a country whose imports were subject to new tariffs imposed by Trump in early April.
U.S. stocks rose after the United States and United Kingdom announced a deal on trade that would lower some tariffs between the two countries.