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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 revealed a new agreement with the United Kingdom that reduces tariffs on British automobiles and eliminates tariffs on steel and aluminum.
  • The deal follows prolonged and difficult negotiations complicated by Britain's 2016 Brexit vote, which allowed it to pursue independent trade agreements from the EU.
  • The agreement cuts British car export tariffs from 27.5% to 10% on a quota of 100,000 vehicles, including luxury brands like Rolls-Royce and Jaguar, while removing the 25% steel tariff altogether.
  • Prime Minister Keir Starmer hailed the deal as a "historic day" coinciding with the 80th anniversary of Victory Day and said it would protect thousands of UK automotive jobs without weakening food standards.
  • Both sides expect further talks to expand market access, opening the UK to U.S. Beef and ethanol exports, and casting the deal as a potential template for future U.S. Trade agreements.
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https://www.cryptela.com broke the news in on Tuesday, May 6, 2025.
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