Trump says deal with UK 'working out well for all'

ISTANBUL

US President Donald Trump on Friday said a trade deal negotiated between the US and the UK earlier this month is "working out well for all."

In a post on Truth Social, Trump "strongly" recommended the UK to abandon "costly and unsightly" wind turbines and instead provide incentives for oil drilling in the North Sea, "where large amounts of oil lay waiting to be taken," to lower energy costs.

"A century of drilling left, with Aberdeen as the hub," he said, adding that "the old fashioned tax system" discourages drilling instead of encouraging it.

Trump said "U.K.’s Energy Costs would go WAY DOWN, and fast!"

Earlier in May, Trump and UK Prime Minister Keir Starmer announced a "historic trade deal," the first such agreement since his administration announced "reciprocal" tariffs, which were later suspended in favor of 10% baseline tariff on all imports to make way for negotiations.

The deal includes reduced or removed tariffs on some of the UK's exports, including cars, steel and aluminum.

Under the deal, the first 100,000 vehicles imported into the US by UK car manufacturers each year are subject to the rate of 10% and any additional vehicles each year are subject to 25% rates.

Meanwhile, US beef exports to the UK were subject to a 20% tariff within a quota of 1,000 metric tons. The UK scrapped this tariff and raised the quota to 13,000 metric tons, according to the White House.