The United States and Britain have reached a trade agreement, but details are yet to be finalized

According to Golden Finance, Trump announced at the White House on the 8th that the United States and the United Kingdom have reached a new trade agreement, partially withdrawing tariffs in specific areas and further expanding market access for products from both sides. According to documents released by the White House, the first 100000 cars exported from the UK to the US each year will be taxed at an additional tariff rate of 10%, and any excess will be taxed at an additional tariff rate of 25%. The UK will reduce or eliminate non-tariff barriers and expand market access for American beef, ethanol, grains, and some industrial products. The British government issued a statement on its official website on the same day, stating that tariffs on steel and aluminum products exported from the UK to the United States will be lifted. The tariff on cars imported from the UK to the US will be reduced from the current 27.5% to 10%. In addition, within a certain quota, UK agricultural exports to the United States will also be subject to zero tariffs. The UK will reduce tariffs on ethanol imported from the United States to zero. In addition, the White House emphasized that the 10% so-called "equivalent tariffs" previously imposed by the United States on trading partners will continue to be retained. Xinhua News Agency