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Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain

  • On May 9, 2025, U.S. President Donald Trump agreed to reduce tariffs on UK autos, steel, and aluminum as part of a new trade deal between the two nations.
  • The deal follows trade tensions caused by Trump's earlier 25% tariffs on automobiles and steel, instituted in March 2025 to protect U.S. Manufacturing and national security.
  • Under the agreement, U.S. Auto tariffs on UK vehicles will drop from 27.5% to 10% for a quota of 100,000 vehicles, steel and aluminum tariffs will be removed, and the UK will reduce tariffs on 2,500 U.S. Products.
  • Trump said the UK is the first country to join the "economic security alignment" with the U.S., calling the deal "historic" and promising it will protect thousands of jobs.
  • The trade deal signifies improved bilateral relations post-Brexit and will likely increase U.S. Exports to the UK by about $5 billion while retaining a 10% baseline tariff and leaving higher tariffs on other countries.
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https://www.cryptela.com broke the news in on Tuesday, May 6, 2025.
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