Jonathan Todd Quoted in Supply Chain Dive on U.S.-UK Trade Agreement Framework

Jonathan Todd, Vice Chair of Benesch’s Transportation & Logistics Practice Group, was recently quoted in the Supply Chain Dive article “US, UK agree on framework for tariff, market access deal.” 

The article covers the U.S.-UK Economic Prosperity Deal, a proposed trade agreement focusing on tariff adjustments and expanded market access. If finalized, the U.S. would maintain a 10% tariff on U.K. imports, while the U.K. would reduce tariffs on U.S. goods from 5.1% to 1.8%. The deal also includes provisions for automotive, pharmaceutical, digital trade, and agricultural products.

Jonathan noted, “A framework agreement like these signals to the public what priorities exist for the United States and the United Kingdom.” He added that details on timing and implementation are still unclear.

Negotiations will also address steel and aluminum tariffs, and the U.K. will remove a 20% duty on U.S. beef imports, among other trade adjustments. The agreement is not legally binding yet but lays the groundwork for future discussions.

Read the full article here: US, UK agree on framework for tariff, market access deal | Supply Chain Dive