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
datashùjù数据analysisfēnxī分析companygōngsī公司EXL (data analytics company)EXLEXLto announcexuānbù宣布to acquireshōugòu收购artificial intelligencerén gōng zhì néng人工智能trainingxùnliàn训练companygōngsī公司iMerit (AI training company)iMeritiMerit。
Data Analytics Firm EXL to Acquire AI Training Company iMerit for Up to $310 Million
MSCI (financial data company)Míngshèng明晟for / at (a price)yǐ以$120 million1.2 yì měiyuán1.2亿美元to acquire / acquisitionshōugòu收购climateqìhòu气候riskfēngxiǎn风险datashùjù数据companygōngsī公司First Street (climate data company)First StreetFirst Street。
MSCI Acquires Climate Risk Data Firm First Street for $120 Million
Samsung (company)Sānxīng三星to announcexuānbù宣布within ten yearsshí nián nèi十年内in / atzài在South KoreaHánguó韩国to investtóuzī投资$648 billion6480 yì měiyuán6480亿美元。
Samsung Pledges $648 Billion Investment in South Korea Over Next Decade
fourthdì sì jiè第四届Chinazhōngguó中国internationalguójì国际supply chaingōngyìng liàn供应链expobólǎn huì博览会inzài在Beijingběijīng北京openskāimù开幕。
Fourth China International Supply Chain Expo Opens in Beijing