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Tag: regulatory standards
Navigating the New US-UK Trade Agreement: Legal, Economic, and Policy Implications
On May 9, 2025, the United States and the United Kingdom announced a new trade agreement, marking a significant development in transatlantic relations. This deal, the first major trade agreement under President Donald Trump's second term, aims to reduce tariffs and enhance economic cooperation between the two nations .
The agreement includes provisions such as a reduced 10% tariff on 100,000 UK cars exported to the US and increased access for US beef and ethanol producers to the UK market . While both governments tout the deal as a diplomatic success, it has sparked debates over its legal structure, economic benefits, and alignment with international trade norms.