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

  • President Donald Trump and British Prime Minister Keir Starmer agreed on a planned trade deal reducing tariffs on UK autos, steel, and aluminum while enhancing market access on May 8, 2025.
  • The agreement follows years of negotiations since the UK's 2016 Brexit vote, aiming to replace stalled talks under previous leadership and improve bilateral trade relations.
  • The deal cuts auto tariffs from 27.5% to 10% for 100,000 vehicles, removes steel and aluminum import taxes, and allows more US beef and ethanol into the UK while maintaining British food standards.
  • Trump called the deal a "historic step" aligning UK and US economic security, and Starmer hailed it as a "fantastic, historic day" coinciding with the 80th anniversary of Victory Day.
  • While the deal offers a political win and could save thousands of jobs, both sides acknowledge details remain unsettled and further negotiations will follow to finalize the agreement.
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https://www.cryptela.com broke the news in on Tuesday, May 6, 2025.
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