US EditionTrump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain
- On May 8, 2025, at the White House, President Donald Trump revealed plans for a preliminary trade agreement with the United Kingdom, coinciding with the 80th anniversary of Victory in Europe Day.
- The deal follows Trump's recent imposition of a 10% import tariff on British goods but involves reducing or eliminating some tariffs on steel, aluminum, and automobiles under specific quotas.
- Under the agreement, the U.S. Will apply a 10% tariff on the first 100,000 UK vehicles annually, with a 25% tariff beyond that, while Britain will increase market access for American agricultural products including beef and ethanol.
- The White House highlighted that the agreement could increase U.S. Exports to the U.K. By $5 billion and enhance the economic ties between the two countries, which amounted to $148 billion in trade in 2024.
- This historic agreement aims to solidify economic ties and may set a precedent for future U.S. Trade negotiations while both leaders emphasized reciprocity and fairness as key principles.
518 Articles
518 Articles
Customs: The first deal with Trump stands – the success of the British really is that big
Following the brilliant tariff threats in April, Britain was the first nation to conclude a new trade agreement with the United States. Trump and British Prime Minister Starmer praised the deal. However, the reaction of another authority is significant.
A trade "deal" was closed, 199 more to go
Analysis by David Goldman, CNN US President Donald Trump has finally reached his first trade deal. Well, not exactly a “deal” per se. More like the concept of a plan: a framework for US-UK negotiations to be conducted between the two countries over the coming months or years… to craft a potential future trade agreement… that may or may not prove more beneficial to the US than the current trade situation. Nevertheless, a win is a win, and this is…
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The Straits TimesUS stocks rise after Trump announces UK trade deal
NEW YORK: Stock markets mostly rose on Thursday (May 8) as US President Donald Trump unveiled a trade deal with Britain, boosting hopes for other countries' tariff negotiations. After the tu
Trump unveils UK trade deal, first since tariff blitz
WASHINGTON, United States — US President Donald Trump and British Prime Minister Keir Starmer unveiled a “historic” trade agreement Thursday. This is Trump’s first deal with any country since he unleashed a blitz of sweeping global tariffs. The deal will see Washington lower tariffs on British luxury cars and lift them entirely on steel and aluminum. However, a 10-percent baseline levy on British goods stays in place. Trump announced the deal wh…
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