U.S. Secretary of Commerce: The U.S.-U.K. trade agreement will bring $6 billion in tariff revenue to the United States.

GateUser-6433627c · 2025-05-08T23:19:59+00:00

U.S. Secretary of Commerce Gina Raimondo stated that the U.S.-UK trade agreement will bring $6 billion in tariff revenue to the U.S., enhance opportunities for exporters, and emphasized that the agreement will not put pressure on the UK economy, nor will British workers be negatively affected.

GateUser-6433627c

2025-05-08 23:19:59

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[U.S. Secretary of Commerce: U.S.-U.K. Trade Agreement Will Bring $6 Billion in Tariff Revenue] After Trump announced a trade agreement with the U.K., U.S. Secretary of Commerce Wilbur Ross stated that enhancing market access for U.S. exporters will bring billions of dollars in revenue. Ross said in the Oval Office, “They agreed to open their markets, which will provide $5 billion in opportunities for U.S. exporters.” “We still have a 10% tariff, which will bring $6 billion in revenue to the U.S.” Ross stated that the agreement will not put pressure on the U.K. economy, and U.K. workers will not be negatively affected by the agreement. He added that the agreement means the U.K. can export 100,000 cars to the U.S., “paying only a 10% tariff.”

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