Fox Business host Brian Brenberg told “Fox and Friends” on Friday that President Donald Trump’s newly announced trade deal with the United Kingdom could unlock billions of dollars in exports for American companies.
Speaking with co-host Lawrence Jones, Brenberg explained that Trump’s agreement, unveiled Thursday, follows the president’s earlier announcement of a 90-day pause on reciprocal tariffs. That move accompanied a wave of new tariffs targeting Chinese imports. According to Brenberg, the U.K. deal marks a “big win” for U.S. exporters.
“First of all, that 10% baseline tariff — that’s what President Trump laid out for all countries under the liberation day tariffs,” Brenberg said. “That stays on. So that’s a clue that no matter what kinds of deals we strike going forward, they’ll likely still include that 10% baseline.”
One of the most significant changes under the deal is the elimination of a steep tariff on American ethanol. “That was more like 18%, 19%. That comes down to zero now,” Brenberg said. “So American sellers of ethanol have more access to the U.K. market.”
Brenberg noted that the average tariff rate for all U.S. products sold to the U.K. will now drop to 1.8%, which he said could result in $5 billion in new export opportunities. “For American businesses wanting to sell into the U.K., a lot of things open up here,” he added.
British automakers also stand to benefit. The agreement reduces the 25% tariff Trump imposed in March on imported cars and parts, including engines and transmissions, to 10% for up to 100,000 vehicles — about the number the U.K. already exports to the U.S.
Aerospace is another major sector affected by the deal. Brenberg revealed that the U.S. will sell $10 billion worth of Boeing aircraft to the U.K., and in return, the U.S. will eliminate tariffs on U.K.-made aircraft parts, such as Rolls-Royce engines.
Perhaps most notably, the deal includes what Brenberg described as a “steel and aluminum union.” Under this framework, U.K. steel and aluminum products will be allowed into the U.S. at a 0% tariff, provided the U.K. continues to block dumped steel from other nations.