The Japan Times - Trump announces 'full and comprehensive' trade deal with UK

EUR -
AED 4.301814
AFN 77.708293
ALL 96.176014
AMD 446.924892
ANG 2.097203
AOA 1074.135394
ARS 1698.74032
AUD 1.770078
AWG 2.108444
AZN 1.991912
BAM 1.950236
BBD 2.36247
BDT 143.341038
BGN 1.955079
BHD 0.441654
BIF 3477.877376
BMD 1.171358
BND 1.512285
BOB 8.104876
BRL 6.444114
BSD 1.172958
BTN 106.59388
BWP 15.491801
BYN 3.437408
BYR 22958.617481
BZD 2.359079
CAD 1.615232
CDF 2635.555553
CHF 0.933339
CLF 0.027334
CLP 1072.249192
CNY 8.248644
CNH 8.245095
COP 4499.162784
CRC 585.330013
CUC 1.171358
CUP 31.040988
CVE 109.951301
CZK 24.352124
DJF 208.874957
DKK 7.471771
DOP 75.364979
DZD 151.627638
EGP 55.766478
ERN 17.570371
ETB 182.088389
FJD 2.670112
FKP 0.872551
GBP 0.87877
GEL 3.15685
GGP 0.872551
GHS 13.489513
GIP 0.872551
GMD 86.100851
GNF 10199.898985
GTQ 8.982373
GYD 245.399857
HKD 9.112316
HNL 30.903829
HRK 7.536638
HTG 153.611735
HUF 387.432543
IDR 19557.696563
ILS 3.773032
IMP 0.872551
INR 105.882157
IQD 1536.622469
IRR 49340.51376
ISK 148.001104
JEP 0.872551
JMD 188.262873
JOD 0.830488
JPY 182.223503
KES 151.004694
KGS 102.43541
KHR 4696.600275
KMF 491.969805
KPW 1054.235599
KRW 1732.367947
KWD 0.359502
KYD 0.977515
KZT 604.617565
LAK 25412.604561
LBP 105039.563247
LKR 363.105585
LRD 207.617653
LSL 19.697785
LTL 3.458716
LVL 0.708543
LYD 6.354896
MAD 10.733975
MDL 19.752728
MGA 5298.881924
MKD 61.532571
MMK 2460.108883
MNT 4156.475757
MOP 9.398924
MRU 46.520274
MUR 53.941062
MVR 18.050801
MWK 2033.897151
MXN 21.056371
MYR 4.7891
MZN 74.861814
NAD 19.697785
NGN 1705.356781
NIO 43.166842
NOK 11.969757
NPR 170.550408
NZD 2.028622
OMR 0.450384
PAB 1.172953
PEN 3.951227
PGK 4.986772
PHP 68.718886
PKR 328.725128
PLN 4.214535
PYG 7878.555568
QAR 4.276698
RON 5.092357
RSD 117.397841
RUB 94.202038
RWF 1707.82745
SAR 4.39328
SBD 9.562266
SCR 15.804605
SDG 704.56838
SEK 10.937063
SGD 1.513547
SHP 0.878822
SLE 27.872113
SLL 24562.796602
SOS 670.387339
SRD 45.305812
STD 24244.746356
STN 24.430299
SVC 10.263761
SYP 12951.888916
SZL 19.680933
THB 36.933012
TJS 10.779545
TMT 4.111467
TND 3.425327
TOP 2.820349
TRY 50.041619
TTD 7.957331
TWD 36.794115
TZS 2900.810779
UAH 49.466868
UGX 4176.08534
USD 1.171358
UYU 45.889075
UZS 14222.422448
VES 320.06667
VND 30847.713845
VUV 142.118205
WST 3.269295
XAF 654.090834
XAG 0.017758
XAU 0.000271
XCD 3.165653
XCG 2.113978
XDR 0.813479
XOF 654.093618
XPF 119.331742
YER 279.193074
ZAR 19.608123
ZMK 10543.631377
ZMW 26.949227
ZWL 377.176809
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    -0.1200

    23.26

    -0.52%

  • CMSC

    -0.0290

    23.311

    -0.12%

  • JRI

    -0.0500

    13.46

    -0.37%

  • BCE

    -0.0800

    23.25

    -0.34%

  • NGG

    1.0500

    76.82

    +1.37%

  • BCC

    -0.1450

    75.695

    -0.19%

  • RIO

    1.2400

    77.23

    +1.61%

  • GSK

    0.5000

    49.28

    +1.01%

  • BTI

    0.2120

    57.502

    +0.37%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • AZN

    -0.3700

    90.98

    -0.41%

  • RYCEF

    0.1700

    14.97

    +1.14%

  • BP

    0.5200

    34.28

    +1.52%

  • RELX

    0.1000

    40.92

    +0.24%

  • VOD

    0.1450

    12.845

    +1.13%

Trump announces 'full and comprehensive' trade deal with UK
Trump announces 'full and comprehensive' trade deal with UK / Photo: Jim WATSON - AFP

Trump announces 'full and comprehensive' trade deal with UK

US President Donald Trump on Thursday announced a "full and comprehensive" trade agreement with Britain, which would be the first such deal since he launched his global tariffs blitz.

Text size:

Trump provided no details about the scope of the deal but said there would be many more to come after he hit US trading partners with sweeping levies on his April 2 "Liberation Day."

But a more reserved tone from London suggested the deal might not be comprehensive as claimed by Trump, who has boasted for weeks that countries were lining up to strike deals with Washington.

The 78-year-old Republican called it a "very big and exciting day" and was due to speak further about the agreement at a news conference in the White House scheduled for 10:00 am (1400 GMT).

"The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come," the president posted on his Truth Social platform.

"Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!"

Secretary of State Marco Rubio said it was an "important step towards fair and reciprocal trade with our partners around the world."

- 'National interest' -

The deal follows a charm offensive by British Prime Minister Keir Starmer, who came to the White House in February -- armed with an invitation from King Charles III for a historic second state visit for Trump.

Reports said the deal would lift Trump's 25-percent tariffs on British steel and cars but his baseline 10 percent tariffs would remain. In return Britain could give relief from the UK's digital services tax paid by US tech giants.

Sky News reported that London has agreed concessions on food and agriculture imports with Washington.

Starmer said he would speak about the trade agreement with the United States -- UK's single largest country trading partner -- later on Thursday.

"Talks with the US have been ongoing and you'll hear more from me about that later today," the PM told a London conference on defense.

"But make no mistake, I will always act in our national interest."

A UK government official likened the deal to a "general terms document" which will set out agreements but also lay out a framework where further discussion are needed.

The deal was focused on specific sectors rather than being a fully-fledged free trade agreement sought by the UK following its 2020 departure from the European Union, the official said on condition of anonymity.

As well as dealing with steel and car tariffs, it would lay out positions for discussions over possible future tariffs in the key pharmaceuticals sector.

"There will be further negotiations to come," the source added.

- Brexit Britain -

A US deal would be a fresh win for Starmer after Britain this week struck a free-trade agreement with India, its biggest such deal since leaving the EU.

Trump described the British leader, who like the US president won power last year, as a tough negotiator following the latter's visit to Washington in February.

The president slapped 10 percent tariffs on imports from around the world in April, including Britain, but he temporarily froze higher duties on dozens of nations to allow for negotiations.

The film industry -- a main UK export for the services sector -- is also in Trump's sights.

London however has not yet retaliated against Trump's tariffs.

Reaching a post-Brexit agreement with the United States has been a priority for Britain.

London had been keen to achieve some type of accord with Washington ahead of a EU-UK summit on May 19 due to reset ties with the 27-nation bloc.

The EU is meanwhile struggling to reach its own trade deal with the United States.

Brussels on Thursday proposed hitting US planes and cars with tariffs if talks fail.

burs-dk/bgs

K.Hashimoto--JT