Please enable JavaScript to access this page.
Breaking News

Trump signals U.S., U.K. could reach ‘real trade deal’ without tariffs

UK Prime Minister Kiir Starmer and US President Donald Trump at a joint press conference in the Eastern Chamber of the White House on February 27, 2025, in Washington, DC

Karl Court Getty Images News | Gety pictures

US President Donald Trump indicated that the UK can mediate in a “real business deal” and evading the customs tariff amid continuous negotiations that were visiting British Prime Minister Kiir Starmer on Thursday to the White House.

When asked during a joint press conference if Starmer convinced Trump to avoid additional fees on Britain, Trump said: “He tried! He was working hard, I will tell you that.

Washington leader confirmed that he was “receptive” on Starmer initiatives – which he repeatedly praised as a “very special person” and “a very difficult” negotiator – and noted that the two countries could reach “a deal that can be wonderful.”

“I think we will have something, perhaps, in terms of possibilities, they agreed to it very soon,” Trump said.

However, Trump’s comments and will pass on a possible deal “can mean anything”, at this point, Stephen Kobman, the chief economist in the market in Rabobank, said in a Friday note.

“It is likely to refer to some arrangement to avoid definitions and increase cooperation in some sectors,” he added. “At least, kicking the box on the road and saves the UK from the customs tariff. For today, at least,” said Kobman.

No gap

The warm rapprochement with the UK with Trump’s approach to customs tariffs contradicts otherwise to redefine the trade relations of the United States worldwide since his return to the Oval Office in January. Washington leader earlier Thursday plans revealed To impose proposed fees of 25 % on imports from Mexico and Canada on March 4 after one month’s suspension of the initiative. He also announced that China – which is targeted hard for trade during Trump’s first state – will face an additional 10 % in duties on the same date next week.

Trump calls on customs duties as a way to reshape trade relations, eliminate trade deficit and enhance local manufacturing. But analysts warn that the American consumer may end up to the tab, by high prices on goods and potential heating of inflation in the largest economy in the world.

Trump said on Thursday: “We have been treated unfairly in trade,” noting that this applies to “Friend and Foe” alike.

In the midst of the increase in tensions, Trump also threatened definitions on the Atlantic partners in the United States, leaving the European Union and the United Kingdom in a diplomatic race to avoid such measures.

In the escalation of ThursdayThe US President said that the European bloc, whose roots are due to the enforcement of the 1993 Mastricht Treaty, “was formed to inhibit the United States … this is the purpose of this, and they have done a good job for it.” In response, the European Union Committee noted that the bloc has benefited from the United States in the past.

Starmer, who included an attack at the White House, made a letter from Britain’s King Charles, who calls Trump on an unprecedented second visit to the United Kingdom, hit a reconciliation tone on Thursday, saying that the two leaders “had had a really good discussion, fruitful discussion, and a good discussion” about trade.

The British Prime Minister told reporters: “I think you are trying to find a gap between us that does not exist,” noting: “Our commercial relationship is not only strong, it is fair, balanced and mutual.”

American trade with the United Kingdom was balanced on average, as it emerged between surplus and deficit in recent years, British Finance Minister Rachel Reeves in late January, that her country was “not part of the problem” to Washington.

On Friday, Benny Morton, a former defense secretary and a member of the Conservative Party, told the Conservative Party on Friday that CNBC was “good” for the United States and Britain to talk about trade again.

Mordaunt noted that although previous talks on a commercial deal at the federal level stopped, the UK continued to participate and form agreements with the individual American states.

“So we have a really good understanding about what companies need on the basis of each case separately. We are in a good position to think about the type of economic agreements that will really help each of our businesses open more of our markets to each other.”

Ukraine in focus

On Thursday, the President of the State Presidents touched on the second main concern of Trump – accelerating the nullification of the war in Ukraine and European innocence in increasing defensive spending. In this context, he congratulated Britain Tuesday announcement It will increase its defensive contributions to 2.5 % of the national GDP from April 2027 – which exceeds the official NATO goal of 2 % who struggled with many allies to meet.

“In this new era, you are also right for Europe to escalate,” Starmer said.

Trump, who disturbed Western allies by quickly re -discussions with isolated Russia, confirmed on Thursday that Washington was laying the foundation for a “long -term peace agreement” between Kiev and Moscow and hoped to stop the shooting as part of the following steps.

On Friday, MordAnt of the CNBC party told the CNBC party that it believes that progress is being made, but also suggested that the critical questions are still unanswered.

“I think we got there,” she said when I was asked whether she believed that a peace agreement for Ukraine was close. “It is good to see the circumstances that end this war [are] In fact, creation takes place. The main thing is, do we have enough to deter expansionist aggression in Russia. “

She added that Europe still has a “fair way to go up and prove it,” saying that it believes that the increase in the United Kingdom in defensive spending is still not going far enough.

European allies questioned whether Washington’s fast negotiations and warm Kremlin diplomacy could lead to an uncomfortable or unilateral peace agreement that could force Ukraine to regional concessions.

Meanwhile, the White House leader also gave priority to the return of US military and foreign military aid contributions in Kiev since the full invasion of Russia in 2022.

Trump said his Ukrainian counterpart, Volodimir Zelinski, will visit the White House on Friday to sign a deal on rare rare land minerals. Zelenskyy described, separately, this “framework agreement” as plans to create a joint investment fund in the United States, where Ukraine will establish 50 % of the revenues it earns from its future liquefaction of natural resources assets.

Trump reassured Thursday: “We will sign a historical deal that makes the United States a major partner in the development of Ukraine, land, oil, and rare gases.” “We will dig, drill drilling. Digging we must.”

https://image.cnbcfm.com/api/v1/image/108108900-1740726796796-gettyimages-2201662965-cc107321.jpeg?v=1740732218&w=1920&h=1080

2025-02-28 10:27:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button