Breaking: Donald Trump Announces US-UK Trade Deal, Here’s All
By: coingape|2025/05/08 15:30:02
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The ongoing trade war between the US and other countries has taken a positive turn with President Donald Trump announcing a historic trade deal between the US and the UK. Trump’s administration has agreed to lower tariffs on certain UK imports as part of the deal. Meanwhile, the US is also looking to finalize deals with Japan and South Korea, which is also a positive for the crypto market.Donald Trump Announces Historic US-UK Trade DealIn a news conference at the Oval Office, the US President announced they had reached a breakthrough deal with the UK. He mentioned that the UK would reduce non-tariff barriers. Meanwhile, the US will also cut tariffs on UK-made cars to 10%, while beef tariffs will be close to zero.Prime Minister Keir Starmer also commented on the deal, sharing his delight that both countries could finally reach an agreement. Donald Trump noted that they have been trying to reach a deal for years, which makes it historic. The president revealed that the UK trade deal will raise $6 billion in US external revenue.Commenting on the deal, Commerce Secretary Howard Lutnick revealed that the UK will open its markets for US goods, which is huge considering that the UK is the sixth-largest economy in the world. Meanwhile, the Commerce Secretary mentioned that the UK will announce plans to buy $10 billion worth of Boeing planes.As CoinGape reported, this US-UK trade deal undoubtedly provides a bullish outlook for the crypto market. It seems to have contributed to today’s market rally, with the Bitcoin price coming close to hitting $100,000.The post Breaking: Donald Trump Announces US-UK Trade Deal, Here’s All appeared first on CoinGape.
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