Trump reveals the first trade agreement: Which country is it with?
Photo: UK Prime Minister Keir Starmer and US President Donald Trump (Getty Images)
The United States of America has signed a trade agreement with the United Kingdom. This is the first deal among dozens of countries on which the US has imposed tariffs, US President Donald Trump announced this on his Truth Social network.
"Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement," Trump wrote.
The US President called the deal "full and comprehensive," saying it would strengthen relations between Washington and London for many years to come.
He also added that a number of other agreements are at an advanced stage of negotiations and will be concluded later.
Trump's tariff war
In April, US President Donald Trump signed an executive order imposing tariffs on imports from over 180 countries. He explained this move as a necessary response to the "unfair tariffs" that other nations impose on American goods.
According to the document, reciprocal tariffs ranging from 11% to 48% were introduced for certain countries, while a "base" rate of 10% applies to the rest. An exception was made for Canada and Mexico, whose customs policies are governed separately.
The highest tariffs were imposed on China. The US administration raised duties on Chinese goods to 145%.
Later, Trump suspended these tariffs for 90 days and introduced a unified 10% rate for all countries.
Recently, Trump announced his intention to unveil a major trade deal between the US and an unspecified country, which he described as "great." According to media reports, the country in question is likely the United Kingdom.
For more details on Trump’s economic policy and the US tariff war, read the material by RBC-Ukraine.
