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Donald Trump is ready to sign important parts of the US-UK trade deal, which will provide a low tariff for British car exports in exchange for better access to US beef and ethanol producers for the US.
The “Cars for Agriculture” deal was done by Trump and Sir Kir Stmper more than a month after signing a five -page economic prosperity deal at a television oval office press conference on 8 May.
UK officials close to the talks said that the two sides were still negotiating on the segment of the deal, which the stammer said that the UK steel manufacturers would provide zero-tariff access to the US.
The Starmer administration has come under political pressure at home at the speed of implementation of the administration agreement, as well as facing claims of the UK bioethaneol industry that offers a large zero-tariff quota for American ethanol producers out of business.
Britain officials now hope that the deal can be signed by the end of the week. “The announcement is sitting on the president’s table,” said, brushing complaints about the speed of implementation.
“This is being done at lightning speed compared to other dialogues and agreements,” he said.
On Thursday morning, US Commerce Secretary Howard Lutnik said the deal would be “active in the coming days”.
He wrote on X: “It was a pleasure to meet our great colleague, the Prime Minister of UK, the Prime Minister of UK yesterday in Kaling Street.
“We agreed to implement our historic trade deal as soon as possible, started with the UK Auto agreed to quota, and US Beef and ethanol became active together in the coming days.”
Britain remains the only country Signed a deal On April 2, after Trump’s global “mutual tariff” allegations with the US.
The US administration is currently locked in a conversation with other countries after establishing a 90-day stagnation which was due to ending July 9. Tariffs are subject to one Valid challenge In America.
Under the terms of the UK-US Treaty, Trump agreed to cut 10 percent in tariffs on cars for the first 100,000 vehicles sent from the UK, in a step, widely welcomed by auto groups such as Jaguar Land Rover and Bentley.
In turn, the UK introduced a zero-tariff quota of 13,000 tonnes of beef to the US and a 1.4BN liter ethanol. UK officials confirmed that the American car tariff cuts were legal steps to operate the quota simultaneously.
Owners of only two bioethanol plants of the UK Warned last month The 1.4BN liter quota for cheap American ethanol – equal to the entire annual demand in the UK – will force them to close their plants.
Two plants – in Wilson on Teside, and Vivo in Saltndend, near plow, were already harming bioethaneol used in standard E10 petrol in Britain and already damaged before the deal with the US.
The UK’s Trade and Trade Department said three weeks ago that it was “closely working” with companies to consider that “what options may be available” to support them, although no solution was revealed so far.
The UK steelmakers are still waiting for the consequences of the conversation to finalize the size of the quota as well as in the circumstances under which the manufacturers of Britain can benefit from a deal. The industry said it was not expecting an agreement by the end of the month.
Britain’s largest producer is Tata Steel Warned that it can be excluded Due to the origin of some of its products from the tariff-free deal with the US.
After shutting down its two blast furnace at Port Talbot last year, Tata is importing steel from Netherlands to process its sister plants in India and the UK, then to ship customers.
However, it can violate us import rules, which requires all steel “melted and dumped” in the country from where it is imported. Other UK growers are also expected to be excluded from the deal if the situation applies.
The UK Steel, the industry trade body, said that it is expected that “American administration will recognize the special circumstances of our industry, especially the versions we send to the US are a small ratio of US imports, but are highly important for UK producers”.