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Drudge Retort: The Other Side of the News
Thursday, May 08, 2025

Commerce Secretary Howard Lutnick said 10% tariffs would remain under the trade deal, but that the United Kingdom was opening its markets for an estimated $5 billion in U.S. beef, ethanol and machinery.

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That's the trade "deal". That's it.

10% tariffs stay in place.

Markets are opened for products they were already open for.

A reduction of the Trump tariffs on UK exported autos.

And UK buying some Boeing planes that it was already buying.

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Added:

US gives up all tariffs on UK steel and aluminum for some reason.

We only import about $250 million in Steel from the UK and $7 million in aluminum.

#1 | Posted by Sycophant at 2025-05-08 11:39 AM | Reply

If this is considered a "Major" trade deal, I'm guessing Trump buying a pack of gum is considered a Minor Trade Deal.

#2 | Posted by Sycophant at 2025-05-08 11:39 AM | Reply | Funny: 2 | Newsworthy 1

"Lutnick also said the a British airline would announce later May 8 that it would buy $10 billion of Boeing planes."

Nice to see Boeing is able to unload a few of the fifty 737s that China is refusing delivery on, thanks to Republicans.

#3 | Posted by snoofy at 2025-05-08 11:56 AM | Reply

#3: Hi Snoofy: This Boeing announcement from Commerce Secretary Slutnick smacks of more insider trading from the goniffs in the White House:

"Shares of Boeing (NYSE: NYSE:BA) climbed 3% following news that the United Kingdom is set to announce a $10 billion purchase of Boeing planes."

Source:

www.investing.com

#4 | Posted by C0RI0LANUS at 2025-05-08 12:04 PM | Reply

"Shares of Boeing (NYSE: NYSE:BA) climbed 3% following news that the United Kingdom is set to announce a $10 billion purchase of Boeing planes."
Source:
www.investing.com

#4 | Posted by C0RI0LANUS

3%? That's it?

Shows how utterly underwhelming this is.

#5 | Posted by Sycophant at 2025-05-08 12:23 PM | Reply

It's the first of many. In the past Pelosi said this was needed, Schumer said it was needed, Obama said it was needed but none of them had the nuts to get it done. But of course for the TDS crowd since Trump is getting it done it is all of a sudden a bad thing.

Just think, if Biden didn't suck so bad and Harris didn't sucked even worse you wouldn't need those crying towels every day.

#6 | Posted by fishpaw at 2025-05-08 02:09 PM | Reply

If Trump hadn't imposed tariffs we could afford towels!

#7 | Posted by snoofy at 2025-05-08 02:14 PM | Reply

LOL ~ It took then 45 days to get right back where they started ~ LOL

I suspect the EU deciding to stick with England had something to do with another one of Trump's infamous lost caused.

#8 | Posted by Twinpac at 2025-05-08 03:12 PM | Reply

Trump's UK Trade Deal Leaves Key Issues Unresolved
finance.yahoo.com

... President Donald Trump pitched his trade framework with the UK as a historic achievement, and the first step in his revolutionary effort to overhaul the global economy.

But as the president began revealing specifics of the deal, it became clear it fell short of the "full and comprehensive" agreement he had promised, or the US-UK free-trade pact he pursued during his first term.

Trump had hoped the announcement " pegged to the 80th anniversary of the Allies' World War II victory in Europe " would reignite confidence in his economic agenda. He carefully stage managed the ceremony, posting hints to social media and having UK Prime Minister Keir Starmer dial in to the phone sitting on the Resolute Desk to herald the agreement.

The framework gives the US increased market access and a faster customs process for exports to the UK, while the UK will see limited relief on autos, steel and aluminum duties. Many other details were left to be negotiated later.

"From the point of view of markets generally, as well as those who are concerned about the US economy, this is a nothingburger," said Tim Meyer, an international trade law professor at Duke University School of Law. "There's nothing really to see here. Obviously this is a framework, this is not actually an agreement."

Starmer conceded the pair needed to "finish ironing out some of the details," but hailed the understanding as "fantastic." Trump brushed aside questions about whether he had over hyped the agreement, instead framing it as "a great deal for both parties." ...


#9 | Posted by LampLighter at 2025-05-08 03:58 PM | Reply

How anyone can watch that oval office meeting about this without vomiting is beyond me.

Do none of these people have a shred of self-respect?

#10 | Posted by truthhurts at 2025-05-08 04:19 PM | Reply

0% tariff on rolls royce

10% tariff on medicine for middle and lower classes

Thanks magat scum

You suck

#11 | Posted by truthhurts at 2025-05-08 04:24 PM | Reply

When asked about the empty ports, dockworkers and truckers worried about their jobs, -------- response was that it was a good thing.

Empty ports, is a good thing

Defend that magat scum

Defend that economic policy.

Starting at 7:55

www.youtube.com

Like what the actual ----????

#12 | Posted by truthhurts at 2025-05-08 04:32 PM | Reply | Newsworthy 1

"US removes tariffs on UK steel and aluminium, and cuts car rate to 10%, as Trump and Starmer unveil deal"

How much does eliminating those tariffs cost the Untied States in lost revenue.
Revenue that Trump promised us would eliminate the need for Federal Income Tax?
I'm sure a Republican will be along soon with Actual Numbers!

#13 | Posted by snoofy at 2025-05-08 04:57 PM | Reply

0% tariff on rolls royce

10% tariff on medicine for middle and lower classes

Thanks magat scum

You suck

#11 | Posted by truthhurts

Yet another example of where GOP/MAGA priorities lie; with the wealthy, not the other 95% of Americans.

#14 | Posted by AMERICANUNITY at 2025-05-08 05:05 PM | Reply

Goniffs. nice.

#15 | Posted by South_American at 2025-05-08 09:52 PM | Reply

Trump is the biggest failure ever.

#16 | Posted by ClownShack at 2025-05-08 10:02 PM | Reply

Fat Donnie Failure, what a ------- LOSER.

#17 | Posted by LegallyYourDead at 2025-05-09 05:31 AM | Reply

It's the first of many. In the past Pelosi said this was needed, Schumer said it was needed, Obama said it was needed but none of them had the nuts to get it done. But of course for the TDS crowd since Trump is getting it done it is all of a sudden a bad thing.
Just think, if Biden didn't suck so bad and Harris didn't sucked even worse you wouldn't need those crying towels every day.

#6 | Posted by fishpaw

Trump didn't get anything done. Nothing has changed.

Even you can't tell us what this exactly accomplished.

#18 | Posted by Sycophant at 2025-05-09 11:51 AM | Reply

Op-Ed: The dead make a deal -- UK and US put lipstick on tariffs
www.digitaljournal.com

... Two of the world's most politically battered economies, the Brexit-maimed UK and the Trump-addled US, have made a deal on trade. The deal looks more like a restaurant bill than a major step in any direction for either party.

This deal is literally just a 6 bullet point list that fits nicely into a paragraph, see this link for details.

A critique is in order.

Britain can now export 100,000 cars to the US at lower tariffs for some vehicles. You'd think Santa Claus had arrived early. The media is beating up this deal ad nauseam. Most British cars are manufactured under license from foreign makers. 100,000 vehicles is barely a teaspoon in the US market with its high turnover.

British steel is now tariff-free. The much shrivelled and shrunken British steel industry is no doubt in raptures. It doesn't have anything like the production capacity to make any sort of impression in the US market.

The UK is expected to buy $10 billion worth of Boeing aircraft "in return" for tariff-free exports of US plane parts to Britain. It's anyone's guess how this equates to any sort of positive deal for Britain.

There will be "reciprocal" access for beef between the US and the UK. It's a matter of opinion whether either market can afford beef at retail prices.

There will be "further talks" on pharmaceuticals. The decaying carcasses of the UK and US health sectors and their murderous domestic environments apparently aren't under consideration for relief for the users of these pharmaceuticals. They need more than a slightly cheaper aspirin.

This triumphant farce is supposed to be the epitome of top-level international trade negotiations. Trump needed to make a deal with someone to shore up the damage from the tariffs. Starmer needed to make a deal with anyone because Brexit has effectively crippled British trade. These lip service level terms of trade don't really make that much of an impression. ...

[italics theirs]

#19 | Posted by LampLighter at 2025-05-09 12:31 PM | Reply

No matter which side it is, it always makes me sad when one party demonized anything good that comes from the other party. America was never founded on this predication and anyone who celebrates it is just hurting everyone.

But my serious issue I have is with liberals and wanting to cheap prices in trade for worker oppression. This is exactly what liberals are mad with the China situation. Liberals are crying that prices are going to go up, which is true. But, the reason for it is solely because to produce things ourselves, it costs more. And it costs more due to labor. Labor isn't the only reason but it is such a significant portion of ANY costs of production that it will always be a factor. So, liberals are turning a blind eye to worker oppression in the name of cheap products. They don't seem to care about the lack of child labor laws, fair pay, worker conditions, etc. as long as it isn't happening in America. And that's just sad.

What makes it even harder to understand is that liberals have been on the "America is a rich nation" for quite a while now. Liberals say there is no reason we can't provide a living wage. There is no reason we can't provide a basic income. There is no reason we can't take care of illegals. Etc. Etc. So, if America is so rich that we can do all of this, why can't we absorb higher prices in the name of workers' rights? I don't like that costs have to go up but I'm willing to trade it to ensure the people making the products are treated humanely. And, while the situation may not be as exaggerated as some outlets make it out to be, China DOES oppress a very large portion of their manufacturing jobs. They work in conditions and for wages in which liberal heads would explode if America were doing it.

This is my only gripe with the tariff opposition that liberals have. You can make up all the excuses you want but, in the end, supporting China and the trade relations we have with them today means you are supporting kids working 12 hours a day, people sleeping in bunk-bed cots in tiny rooms between shifts, etc. This isn't made up. This is all real. Continue to ignore it all you want but if you feel we are rich enough to give everyone money for nothing, then you inherently agree that we are rich enough to spend a few more dollars on products (unless you actually realize that Biden already increased inflation so much that our rich wiggle room has run out).

#20 | Posted by humtake at 2025-05-09 01:21 PM | Reply

@#20 ... it always makes me sad when one party demonized anything good that comes from the other party. ...

Then the GOP must drive your current alias to a near-depression.


;)

#21 | Posted by LampLighter at 2025-05-09 01:28 PM | Reply

Just think, if Biden didn't suck so bad and Harris didn't sucked even worse you wouldn't need those crying towels every day.

#6 | Posted by fishpaw

You idiots and your abject stupidity in voting for Trump again has nothing to do with Biden.

#22 | Posted by jpw at 2025-05-09 01:39 PM | Reply

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