US President Donald Trump announced a trade framework with the UK, which will bring down barriers and expand market access for American imports, including agricultural, chemical, energy, and industrial exports.
The agreement will allow UK manufacturers to send 100,000 cars into the US under a 10% tariff, and British farmers will be given a tariff-free quota for 13,000 metric tons of beef, among other benefits.
The deal is seen as a breakthrough and a potential blueprint for future agreements with other economies, but some key details still need to be worked out, including the UK’s digital services tax and remaining levies. Bloomberg’s Enda Curran and Joe Mayes report.
——–
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
