{"id":237941,"date":"2025-05-12T11:26:21","date_gmt":"2025-05-12T11:26:21","guid":{"rendered":"https:\/\/peraltafinancing.com\/agriculture\/u-s-uk-announce-key-agriculture-trade-deal-on-ve-day\/"},"modified":"2025-05-12T11:26:21","modified_gmt":"2025-05-12T11:26:21","slug":"u-s-uk-announce-key-agriculture-trade-deal-on-ve-day","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=237941","title":{"rendered":"U.S.-UK announce key agriculture trade deal on VE Day"},"content":{"rendered":"


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Earlier today, President Donald Trump and U.S. Prime Minister Keir Starmer announced a new trade agreement. The deal promises to expand American access to UK markets, particularly for agriculture, energy, and aerospace, while establishing a framework for deeper economic cooperation between the longtime allies.<\/p>\n

\u201cThis is now turning out to be, really, a great deal for both countries,\u201d Trump said during a joint announcement<\/a>. \u201cBillions of dollars in new market access \u2014 especially for our farmers and ranchers. American beef, ethanol, and many other products will now reach British consumers more easily.\u201d<\/p>\n

The agreement creates a $5 billion export opportunity for U.S. producers, including more than $700 million in ethanol and $250 million in beef and other agricultural goods. A new 13,000 metric ton tariff-free quota for U.S. beef, elimination of ethanol tariffs, and reduced non-tariff barriers were among the key concessions from the UK.<\/p>\n

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Image by Bignai, Shutterstock<\/figcaption><\/figure>\n

Starmer said the agreement would \u201cnot only protect jobs, but create jobs,\u201d calling it a strong foundation for future economic cooperation. \u201cEighty years ago, our nations stood shoulder-to-shoulder in the fight for freedom. Today, we stand united again \u2014 this time for prosperity.\u201d<\/p>\n

Today is Victory in Europe Day (or VE Day), and Starmer was referencing that event in 1945.<\/p>\n

The agreement may set the tone for upcoming negotiations with other trading partners. \u201cSwitzerland and several others are already in touch,\u201d Trump noted.<\/p>\n

In 2024, total U.S.-UK goods trade amounted to $148 billion. The U.S. Department of Agriculture reports showed the UK imported $2.18 billion in U.S. agricultural products last year, making it the 13th largest destination for American ag exports. The UK is the world\u2019s fifth-largest agricultural importer by value.<\/p>\n

Michigan Farm Bureau President Ben LaCross welcomed<\/a> the announcement amid ongoing concerns over the projected $49 billion U.S. ag trade deficit for 2025. \u201cHopefully this establishes a framework for reciprocal trade agreements that will benefit American agriculture.\u201d<\/p>\n

Trump\u2019s administration framed the Economic Prosperity Deal as a turning point in the global trade landscape\u00a0 \u2014 one that both commemorates past alliances and reinvigorates economic ties for a new era.<\/p>\n

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