💥 Howard Lutnick: Trump-UK trade deal is a game-changing win for America 💥
U.S. Trade Agreement with UK Results in Additional Deals: Boost for the Economy, Declares Commerce Secretary
In an exclusive interview on FOX Business' "Kudlow," Commerce Secretary Howard Lutnick lauded Donald Trump's latest UK trade deal, dubbing it as just the start of a series of beneficial agreements to come.
Lutnick referred to this deal as the epitome of Trump's business savvy, stating, "[Trump's] at his finest, creating the perfect platform for someone like me to strike deals that are triumphs for America." He emphasized the unique advantage the U.S. holds, ensuring we'll play our ace cards with utmost skill.
*🌟 *Trump Announces UK trade deal: A major victory for US agriculutre sector! 🌟
On the very same day, Trump celebrated the new preliminary agreement between the US and UK, a deal that's expected to offer substantial benefits to the US agricultural sector.
Key elements in the agreement include maintaining Trump's 10% tariffs on British exports, lowering US duties on British car exports, and expanding agriculture access for both countries. The deal promises to open $5 billion worth of exporting opportunities for American companies, while generating an additional $6 billion in tariff revenue.
*🚨 *British-made Rolls-Royce engines to enter tariff-free into the US on Boeing planes! 🚨
The US-UK agreement also features provisions enabling British-manufactured Rolls-Royce engines to enter US markets duty-free. In return, Lutnick declared the UK is planning to purchase $10 billion worth of Boeing jets. IAG, British Airways' owner, also announced on Friday a new order for 32 Boeing 787-10 Dreamliner aircraft.
*💰 *Will Trump’s trade deal with UK prove a lucrative move for both nations' economies? 💰
Since entering office, US revenues from tariffs have skyrocketed by 45%, currently sitting at a run rate of $125 billion. Nevertheless, Lutnick emphasized the key to optimizing US GDP is reducing the trade deficit. Reducing the deficit by 25%, according to Lutnick, could potentially boost GDP by one full point.
*📈 *Soaring revenues and US investments spurred by Trump's policies 📈
In recent times, companies have increasingly invested in the US under Trump's administration, with Trump himself recently celebrating a trillion-dollar surge in US investment. Big players like Apple, Nvidia, Hyundai, and Merck have committed to pouring billions into the US economy.
The US-UK deal is also projected to result in less dependence on Chinese supply chains, setting the stage for future partnerships.
Lutnick fervently stated, "This is the kind of move that's going to revolutionize the US, transform how we feel as a nation, and supercharge our economy." He underscored Trump's keen business acumen, hinting at exciting economic stats soon to unfold, specifically focusing on the Middle East.
Meanwhile, the US continues to negotiate with larger countries, aiming to establish a geographic balance and demonstrate the structure for successful agreements. Lutnick assured, "We're concentrating on large countries. I don't want to rush. I want to do it right." 🚀💥🚀
- The US-UK trade deal, a victory for US agriculture, promises to open $5 billion worth of exporting opportunities for American companies, generating an additional $6 billion in tariff revenue, indicating a positive impact on the economy.
- Donald Trump's 10% tariffs on British exports and lowering US duties on British car exports, as part of the trade deal, may spur US investments, particularly in sectors like automobiles.
- The US-UK agreement facilitates the entry of British-made Rolls-Royce engines into US markets duty-free, and in return, the UK is planning to purchase $10 billion worth of Boeing jets, potentially boosting revenues for both nations' finance and businesses.
- The US is engaging in negotiations with larger countries to establish a geographic balance, aiming to demonstrating the structure for successful agreements, and Lutnick emphasizes the importance of reducing the trade deficit, which could potentially boost US GDP by one full point.
