The president of the United States has carried out a Commercial agreement with the United Kingdom, which defines how “revolutionary”. On the other hand, that of the United Kingdom, his prime minister Keir Starmer states that this will boost trade between the two countries And he describes it how something “really important.”
Although the final details of the same will be written in the coming weeks, it is known that the country of Starmer will change its ‘Google rate’ to benefit steel and cars, with an export fee of 100,000 vehicles – with a reduced 10% rate (which covers almost all the export of cars) – and a quota of 13,000 metric tons of export of beef of beef without any tariff.
The pact, which just coincides with the 80th anniversary of the victory of Allies in World War II, in addition to being “very beneficial”, will allow to reduce or eliminate numerous non -tariff barriers For American products, although it continues to maintain the 10%reciprocal tariff.
This First treaty announcing Washingtonbut it will not be the last, because as Trump defines, “it will be the first of many.” In turn, he moved that he was his first announcement due to his “long history and mutual loyalty.”
What is the Google rate?
The call “Google rate” in the United Kingdom refers to digital services tax (Digital Services Tax or DST), a fiscal regulation introduced in April 2020 with the objective of apply a tax to the income obtained by large technological companies In that country. This tax is aimed at companies that provide digital services such as Internet search engines, social networks and electronic commerce platforms, provided they exceed certain financial limits.
The DST affects the United States mainly Through the impact on its large technology companiessince many of them – like Google, Amazon, Facebook (Meta) and Apple – have Headquarters in the United States and generate substantial income in the United Kingdom.
Wall Street celebrates the agreement
In addition to the celebration of both countries, they are joined by Wall Street (New York) after opening the Main bags of the bag in positive.
- Dow Jones It rose 0.64%, to 41,356.23 points.
- S&P 500 Increases 0.63%, reaching 5,666.96 points.
- Nasdaq Composite up to 0.91%, reaching 17,901.72 points.
