The White House says extra commerce offers are coming following the bilateral settlement introduced by the US and the UK on Thursday.
White House press secretary Caroline Leavitt foresaw extra bilateral agreements throughout a press convention on Friday.
“This is the primary of many commerce offers going ahead. With extra historic offers and making ready our nation, it is a boomer than ever,” Leavitt mentioned in her opening remarks.
Her feedback mirror Trump’s assertion within the oval workplace on Thursday and Friday’s true social publish. When requested how shut the administration is to extra offers, Trump mentioned “we’re very shut” and “many” offers are ongoing.
He mentioned Treasury Secretary Howard Lutnick will return to commerce contract efforts as soon as the press convention is over, however Treasury Secretary Scott Bescent will head to Switzerland for a gathering with China over the weekend.
Trump adopted a publish on True Society on Friday morning.
“Quite a lot of commerce offers at Hopper, all good (nice!)!” he mentioned.
The White House mentioned Thursday that an settlement between the US and the UK has opened up $5 billion of recent entry to American producers within the UK market. Additionally, tariffs on the ten% baseline launch date stay in impact and are estimated to generate US $6 billion in exterior income.
American-made merchandise accessing the UK market embrace “ethanol, beef, grains, fruits, greens, animal feed, tobacco, delicate drinks, shellfish, chemical compounds, equipment, and extra.”
The transaction additionally reduces duties on UK vehicles to 10% for the primary 100,000 vehicles imported into the US annually. Additional imports face 25% tariffs.
Additionally, whereas Rolls-Royce aircraft engines utilized by sure American aircraft producers don’t face tariffs, UK passenger planes are planning to purchase Boeing plane value $20 billion, Lutnick famous.