The United States and Britain reach a trade agreement, but details have yet to be finalized."
Internet reports that Trump announced at the White House on the 8th that the United States and the United Kingdom have reached a new trade agreement, partially withdrawing tariffs in specific areas and further expanding market access for products from both sides. According to documents released by the White House, the first 100,000 cars exported from the UK to the United States each year will be taxed at an additional tariff rate of 10%, and the excess will be taxed at an additional tariff rate of 25%. The UK will reduce or eliminate non-tariff barriers and expand market access for U.S. beef, ethanol, grains and other products and some industrial products. The British government issued a statement on its official website that day saying that tariffs on British steel and aluminum products exported to the United States will be cancelled. Tariffs on cars imported from the UK to the United States will be lowered from the current 27.5% to 10%. In addition, within a certain quota, zero tariffs will also be implemented on British agricultural products exported to the United States. Britain will reduce tariffs on ethanol imports from the United States to zero. In addition, the White House emphasized that the 10% so-called "reciprocal tariffs" previously imposed by the United States on trading partners will continue to be retained. (Xinhua Agency)
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