President Donald Trump has announced a new trade deal between the United States and the United Kingdom, marking what he described as a “historic day” for the transatlantic alliance. The agreement, unveiled on the 80th anniversary of VE Day, is the first major trade accord since the president introduced sweeping tariffs on dozens of trading partners earlier this year.
Speaking at a press conference in the Oval Office, Trump said the deal would “remake the global trading system” and strengthen economic ties between two of the world’s largest economies, even as final details are still being completed.
Prime Minister Keir Starmer hailed the announcement as a major diplomatic achievement, calling the agreement “an incredible platform for the future”. Starmer noted the symbolic timing of the deal, aligning it with the 80th anniversary of Victory in Europe Day, when Winston Churchill announced the end of World War II in Europe. The Prime Minister emphasised the deep-rooted alliance between the UK and the US in defence, intelligence and now, increasingly, in trade and technology.
“There are no two countries closer than the US and the UK in areas like defence and intelligence sharing,” Starmer said. “Now, trade and economic policy have joined that list.”
The agreement includes provisions to lower tariffs and expand bilateral trade in key sectors. The US has agreed to cut tariffs on UK-made cars to 10%, while the UK will continue purchasing Boeing aircraft worth $10 billion. The deal also grants tariff-free access for UK-made Rolls-Royce jet engines and includes favourable terms for US exports such as ethanol, beef, and industrial machinery.
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