UK and US / British-AmericanYīng Měi英美to signqiānshǔ签署economicjīngjì经济prosperityfánróng繁荣agreement / dealxiéyì协议，most / the majority ofdàduōshù大多数goods / productsshāngpǐn商品tariffsguānshuì关税maintained at / kept atwéichí维持10 percent10%10%。
May 8, 2026 at 6:00 AM
New Words
News in English
BusinessUK and US Sign Economic Prosperity Deal, Most Tariffs Frozen at 10 Percent
The UK and US signed the Economic Prosperity Deal on May 8, freezing tariffs on most goods at 10 percent and setting the stage for deeper trade negotiations. The deal includes reduced tariff rates on British cars and greater US agricultural access to the British market.
The United Kingdom and the United States signed the Economic Prosperity Deal on May 8th, representing the first trade framework agreement reached by Trump's administration with Britain.
The agreement will freeze tariffs on most British goods to the US at 10%, rather than higher tariff levels previously applied.
In the automotive sector, the first 100,000 British imported cars annually will be subject to a 10% tariff, while amounts exceeding this quota will be charged at 25%.
The agreement also allows American agricultural products greater access to the British market.
However, analysts point out that this agreement is mainly a framework for future in-depth negotiations, laying the groundwork for deeper discussions.
The two nations will continue to negotiate on topics including digital trade, intellectual property, and labor standards.
This agreement is regarded as one of the most important developments in bilateral trade relations since Britain's exit from the EU.
More in Business
International Monetary Fund (IMF)Guójì Huòbì Jījīn Zǔzhī国际货币基金组织and / withyǔ与World BankShìjiè Yínháng世界银行annual meetingniánhuì年会inzài在BangkokMàngǔ曼谷officially / formallyzhèngshì正式to open / to commencekāimù开幕。
IMF and World Bank Annual Meetings Open Formally in Bangkok
CanadaJiānádà加拿大trademàoyì贸易ministerbùzhǎng部长to leadshuài率300 peoplesān bǎi rén三百人delegationdàibiǎotuán代表团to go tofù赴IndiaYìndù印度to visitfǎngwèn访问。
Canadian Trade Minister Leads 300-Member Delegation to India
artificial intelligenceréngōng zhìnéng人工智能revenue / incomeshōurù收入prospects / outlookqiánjǐng前景to trigger / to causeyǐnfā引发doubts / questionsyíwèn疑问，semiconductorbàndǎotǐ半导体stock pricegǔjià股价fromcóng从Octobershí yuè十月peak / high pointgāodiǎn高点to retreat / to fall backhuíluò回落。
AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs
United StatesMěiguó美国stock marketgǔshì股市Fridayzhōuwǔ周五strongly / with forceqiángshì强势to rebound / to rallyfǎntán反弹，Dow Jones IndexDào Zhǐ道指gained more thanzhǎng chāo涨超400 points400 diǎn400点，to end / to concludejiéshù结束volatile / turbulentdòngdàng动荡(particle)de的one weekyī zhōu一周。
US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points