President Trump announced a new trade deal between the United States and the United Kingdom. This deal, masterminded in part by Commerce Secretary Howard Lutnick, comes a month after the President’s initial announcement of “Liberation Day” tariffs.

From The Daily Wire. President Donald Trump, joined by representatives from the United Kingdom in the Oval Office, announced on Thursday that the two countries will cut back on trade barriers in the first major trade deal for the president.

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The agreement will allow the United States to gain increased market access in the United Kingdom — the sixth-largest economy in the world — for billions of dollars worth of American exports, according to Trump. U.K. Prime Minister Keir Starmer, who spoke to the president over the phone, told Trump he is “really pleased” with the deal between the two allies. …

Shortly after announcing the deal, President Trump posted a chart on social media, showing that Britain’s tariffs on U.S. goods will drop to 1.8% while “reciprocal tariffs” on the United Kingdom will remain at 10%. …

Lutnick added that the deal will also allow the United Kingdom to export up to 100,000 vehicles to the United States for a 10% tariff. Lutnick said the agreement will enable the U.K. to maintain access to the U.S. market while also protecting American jobs. The United States will be able to gain more access to U.K. markets to sell agricultural products such as “ethanol, beef, [and] machinery,” according to Lutnick. …

The United Kingdom will also be allowed to export Rolls-Royce engines and airplane parts to the United States tariff-free, and Britain will purchase $10 billion worth of Boeing airplanes from the United States, Lutnick added. …

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(Excerpt from The Daily Wire. Photo Credit: The White House/Flickr)