US and UK Announce General Terms of Trade Agreement

Published: Jun 17, 2025 11:23

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On Monday, Eastern Time, US President Trump and UK Prime Minister Starmer jointly announced that they had finalised the general terms of the trade agreement reached last month. The agreement covers trade terms for steel, ethanol, automobiles, and beef. The US plans to set a quota of 100,000 units per year for UK automobile imports, with a tariff rate of 10%. The UK has committed to expanding market access for US beef, ethanol, grains, and other industrial products.

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