After 36 days, US President Trump’s “reciprocal tariff” policy has finally welcomed the first country to reach a trade agreement.
According to CCTV News, on the 8th local time, the United Kingdom and the United States have reached an agreement on the terms of the tariff trade agreement.
The United Kingdom is also the first country to reach a trade agreement with the Trump administration since it implemented large-scale tariff policies.
CCTV News reported that the British government agreed to make concessions on the import of US food and agricultural products in exchange for the US reducing tariffs on British car exports. However, the US side still retains a benchmark tariff of 10%.