Trump: Reached breakthrough deal with UK | Forexlive

Donald Trump is not known for underselling. Here are some of the details:

• UK has committed to fast-tracking US goods imports
• Agreement increases access for beef and ethanol
• UK will reduce non-tariff barriers
• Final details will be written up in the coming weeks
• I think China wants to make a deal very badly too
• We’re going to be ‘un-easing’ steel, want protections for steel
• US-UK trade deal will eald to the creation of an aluminum and steel trading zone and a secure pharma supply chain

There isn’t much meat on these bones. Trump also turned some of the focus to China and added “I can tell you China very much wants to make a deal. We’ll see how that works out”

Starmer:

• Deal will boost trade and create jobs
• Says the deal is ‘a tribute to your leadership’ to Trump

The groveling from Starmer was really something.

Lutnick is highlighting that the 10% tariff will remain and that the UK tariffs will raise $6 billion in revenue.

• UK will announce it is going to buy $10 billion in Boeing planes today, won’t name airline

Lutnick talked about creating a secure supply chain in things like steel and pharma. That could be a positive sign.