• Trump and Starmer announced a trade agreement offering major wins for American beef, ethanol, and aerospace, with over $5B in new export access.
• The deal retains a baseline 10% reciprocal tariff but cuts duties on key sectors—UK cars get limited 10% access before 25% kicks in.
• Importers and exporters alike should take note: new customs streamlining, IP rules, and procurement access could reshape transatlantic supply chains.