United States reaches a trade agreement with the UK

By Brianna Smith

On May 8, President Donald J. Trump and Prime Minister Keir Starmer announced a new trade deal between the United States and the United Kingdom.  

According to the White House fact sheet, the deal will significantly expand U.S. market access into the U.K., creating a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers.

The National Corn Growers Association (NCGA) praised the new bilateral trade agreement that increases access for American agricultural products to the U.K., including ethanol.

“This is great news,” said Illinois farmer and NCGA President Kenneth Hartman Jr. “We applaud President Trump and his administration for brokering this deal, and we encourage them to continue to include corn, corn ethanol, and corn co-products in future bilateral agreements with other countries.”

During the announcement, Trump officials indicated that tariffs on U.S. ethanol will be reduced to zero. According to the White House fact sheet, this covers $700 million worth of U.S.… Continue reading