🚗Trade Agreements
Implementing the General Terms of the United States of America-United Kingdom Economic Prosperity Deal
Summary
Executive Order 14309 outlines the General Terms for the U.S.-U.K. Economic Prosperity Deal, enhancing trade relations through lower tariffs on automobiles and greater market access for American exports. It addresses supply chain security for steel and aluminum, aiming to bolster national security while fostering economic growth and cooperation in critical sectors like aerospace.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The Executive Order establishes a significant trade agreement between the U.S. and the U.K., facilitating market access, reducing tariffs on automobiles, and addressing supply chain security, which directly impacts American businesses in affected sectors. It also outlines compliance requirements and potential trade-related adjustments, indicating crucial regulatory implications.