#BTCBackto100K Summary of the US-UK trade agreement

- The US increases import tariffs on UK goods from 3.4% to 10%

- The UK reduces tariffs on US goods from 5.1% to 1.8%

=> Helps the US increase exports by $5 billion and collect an additional $6 billion from taxes

Some notable points in the agreement:

- The UK will open the door for US goods to enter the market: beef, ethanol, agricultural products, tobacco, textiles, machinery, pharmaceuticals, etc.

- The US will only allow 100,000 cars from the UK to be imported each year, and impose a 10% tax on these cars

- The US government will spend $10B to buy aircraft components from Boeing

- The pharmaceutical industry will be guaranteed a stable supply between the two countries

- Steel and aluminum from the UK to the US will be limited in quantity and subject to additional taxes