US and the UK Agreed the deal that Trump rates on cars and metals lower

The US has agreed to reduce the input load to a fixed number of British cars and to release some steel and aluminum in the land rate, as part of a new agreement between the US and the UK.

The announcement offers an exemption for important British industries of some of the new rates that President Donald Trump has announced since his return to the White House in January.

But it will leave a 10% duty on most goods from the UK.

Although greeted by the leaders of the two countries as important, analysts said that it didn’t seem to change the trade conditions between the countries because they were before the changes by Trump this year.

No formal deal was signed on Thursday and the announcements of both governments were light on details.

Sir Keir Starmer spoke from a Jaguar Land Rover Factory in the West Midlands and described the agreement as a “fantastic platform”.

“This historic deal supplies for British business and British employees who protect thousands of British jobs in important sectors, including car manufacturing and steel,” he said, adding that “the United Kingdom has no ally than the United States”.

In the White House, Trump called it a “big deal” and pushed back against criticism that he issued its importance.

“This is a maximum deal that we will make bigger,” he said.

The two parties said that the US had agreed to reduce the input load on cars – which Trump had increased by 25% last month – to 10% for 100,000 cars per year.

That will help luxury car manufacturers such as Jaguar Land Rover and Rolls Royce, but could limit growth in the coming years, because it comes down to what the UK exported last year.

Business secretary Jonathan Reynolds told the BBC that the UK was removed from losing thousands of jobs at car manufacturers who are confronted with American rates.

“This was very serious,” he said. “It would have meant that people would have lost their jobs without this breakthrough.”

Rates for steel and aluminum, which Trump raised to 25%earlier this year, have also been reduced, according to the Prime Minister’s office. The US said instead that it would determine a quota, as previously existed.

The two countries also all agreed to allow the import of up to 13,000 tonnes of beef from the other country without rates, according to Documents released by the US trade representative.

The US said that the change would considerably expand its sale of beef to the VK, which had previously confronted 20% tasks and was filled with 1,000 tons.

In general, the US said that the deal would create a “£ 3.8 billion)” chance “for export, including $ 700 million in ethanol and $ 250 million in other agricultural products.

“It cannot be underestimated how important this deal is,” said American agricultural secretary Brooke Rollins.

UK Steel Director General Gareth Stace welcomed the agreement and said that the “great exemption” would offer the steel sector.

“The cooling -headed approach and perseverance of the British government when negotiating with the US has clearly paid off,” he said.

Other business groups indicated more uncertainty.

“It’s better than yesterday, but it’s absolutely no better than five weeks ago,” says Duncan Edwards, Chief Executive of the British American Business, which represents companies in the two countries and supports free trade.

“I try to be excited, but I’m struggling a bit.”

While Labor MPs praised the deal, opposition parties asked for more detail and control in parliament.

The conservative party leader Kemi Badenoch criticized the deal and said it came down to rates that were lowered by the UK while raising in the US.

“This is not a historic deal with the US,” she said. “We were beaten.”

The Liberal Democrats demanded a mood about the deal in parliament and said that “full lack of respect for the public” would show if Parliament members would be refused a control.

Sir Ed Davey said: “When it comes to every trade agreement – and especially someone with someone as unreliable as Donald Trump – the devil will be in the details.

“One thing is clear, Trump’s rates are still becoming the most important British industries, which threatens the livelihood of people in the United Kingdom.”

Reform UK leader Nigel Farage said the deal was a “step in the right direction”.

He told the BBC that there will be more details, but in De Ronde it was a welcome development.

“The important point is that we do things, we are taking a step,” he said. “It is a Brexit advantage that we have been able to do this.”

The US and the UK have been discussing a trade agreement since the first term of Trump. At that time they came close to signing a mini agreement.

But the US has long insisted on changes for its farmers and pharmaceutical issues that had been political non-starters for the UK.

It was not clear how many those problems were advanced.

The National Cattlemen’s Beef Association said that the agreement had in principle achieved a “huge victory” for American ranchers, but the US Meat Export Federation, who speaks trade barriers for farmers in the US, said it was still trying to pin information about the changes.

The UK said that there would be no weakening in food standards for import.

While the UK seems to have entered into, “the devil will be in the details,” says Michael Pearce, deputy chief economist at Oxford Economics, who said it did not change his economic predictions as a result of the announcement.

Other issues threaten.

Trump has repeatedly said that he wants to burden the import of medicines, in an attempt to ensure that the US has a strong production basis for critical medicines.

The UK said that the US had agreed to give British companies “preferential treatment”.

But Ewan Townsend, a lawyer at Arnold & Porter, who cooperates with health care companies, said that the industry now “kept waiting to see exactly what this preferential treatment will mean”.