Key details in the “History” trade agreement of the United Kingdom | New policies Aitrend

The United Kingdom and the United States welcomed a “fantastic and historical day” after having concluded a historic trade agreement.

In the own words of President Donald Trump, it has been years in manufacturing “But he arrived with this Prime Minister”.

But while Sir Keir Starmer will undoubtedly celebrate, the devil is in detail.

Last policy: Trump says that the UK’s trade agreement is a “great honor”

Here, Sky News looks at what has been announced.

Not a complete trade agreement

The first thing to note is that it is not a free trade agreement in the conventional sense, but which focuses on specific sectors – notably cars, steel and agriculture.

This has led to the reduction of some, but not everyone, Trump prices imposed on the United Kingdom As part of a global measures package last month. This included a 10% levy from all British exports and a higher load on steel, aluminum and cars.

And, above all, the published terms note: “The United States and the United Kingdom recognize that this document does not constitute a legally binding agreement.”

Price exemptions on cars and steel

Following Thursday’s agreement, car export rates will be reduced by 27.5% to 10%, to match Mr. Trump’s reference levy.

The lower car rate applies to the first 100,000 exported vehicles from the United Kingdom to the United States each year, which, according to Downing Street, is almost the total that the United Kingdom exported last year.

British car manufacturers were extremely worried about the impact of prices on their industry, so it is to be hoped that the reduction would save thousands of jobs.

In addition, the British steel industry – barely a few weeks ago on the edge of the collapse -Now, he will no longer face high prices after the United States has agreed to remove the rate of 25% for the United Kingdom.

The agreement indicates: “The United States quickly builds a quota to the greatest number of nation rates (MFN) for British steel and aluminum and certain derivatives in steel and aluminum.”

A 10% sample remains on all other goods from the United States of the United Kingdom, which will be at the center of the next stage of the discussions, it is heard.

During the respective press conferences on Thursday, Sir Keir said that the agreement had resulted in “the jobs saved, the jobs won but not the work done”, while Mr. Trump said that the agreement was “complete” but that he would like to see it “go further”.

The Prime Minister said that new measures will save thousands of jobs in the automotive and steel industry, which were threatened by Trump’s prices.

New Deal On Beef – But no drop in standards

The United Kingdom had to make concessions on agriculture in exchange for price exemptions, with the agreement, including a new reciprocal access on the beef market.

This means that American farmers will have access to the United Kingdom for the first time, and British farmers will have access to the United States, on a price without a price of 13,000 metric tonnes.

The business secretary, Jonathan Reynolds, said that it was a fraction of the 35,000 tonnes agreed as part of the conservative trade agreement with Australia, which reaches 110,000 metric tonnes over time and What farmers have said they had undermined them.

Above all, the American agreement did not involve a weakening of British food standards on imports, which has Previously, a red line in negotiations.

This means that hormone beef (and chlorinated chicken) will still not be allowed on British shelves, a decision that has been welcomed by agricultural groups.

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Ethanol

The United Kingdom has also agreed to remove the ethanol rate-which is used to produce beer-coming to the United Kingdom of the United States at zero.

“The United Kingdom will offer a preferential rights rate rate quota of 1.4 billion liters for American ethanol,” said the agreement.

The US Secretary of Commerce Howard Lutnick said that with the beef agreement, this would create five billion dollars in “opportunity for American exports”.

Aerospace

Lunick also said the United States had agreed to drop prices on Rolls-Royce engines and other UK plane pieces.

Friday, the parent company of British Airways bought 32 new Boeing in the United States, following the country’s trade agreement with the United Kingdom on Thursday.

International Airlines Group (IAG) confirmed the order of the Boeing 787-10 plane for its BA fleet, alongside 21 Airbus aircraft for its other airlines.

Iag did not confirm how much he had paid for planes in his ad.

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What was not in the agreement?

Secretary of health Wes Street told Sky News in February that while the NHS “Not to win”NHS patients could participate in American clinical trials as part of an agreement in the life sciences and medical research.

He also told BBC Radio Four that in exchange for being in the “driving seat for this revolutionary research”, we must expect British patients “be at the front of the queue for these new treatments and technologies”.

There was no mention of this in Thursday’s announcement.

However, Sir Keir said that as part of the agreement, the United Kingdom has obtained “preferential treatment whatever happens in the future” with regard to pharmaceutical products, because Mr. Trump considers import taxes on medication and medication.

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Film rates

Mr. Trump also praised the possibility of film pricesAlthough like pharmaceutical products, no details have been announced.

Sir Keir said that the prices of the film were not included in Thursday’s agreement because they are not currently in place, but “of course, we are talking about it with the president’s team”.

Technology

Previous speculations had suggested that the United Kingdom would revise the digital services tax within the framework of an agreement, the levy mainly applying to American technological companies.

However, it remains unchanged.

Instead, the two parties agreed to work on a digital trade agreement “which will withdraw documents for British companies trying to export to the United States-opening the United Kingdom to a huge market that will put rocket boosters on the British economy,” said Downing Street.

Sir Keir also confirmed that there was “nothing in the agreement which encroaches” on freedom of expression, after the American vice-president JD Vance criticized the United Kingdom and other European governments for their approach.