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

  • In early May 2025, President Donald Trump announced an agreement to lower import duties on British automobiles, steel, and aluminum as part of a newly established trade arrangement with the United Kingdom.
  • The deal followed U.K. Prime Minister Keir Starmer’s phone call with Trump during the 80th anniversary of World War II victory celebrations, highlighting their countries’ close ties.
  • As part of the agreement, U.S. Tariffs on British car exports will decrease from 27.5% to 10% for a quota of 100,000 vehicles, tariffs on steel and aluminum will be completely eliminated, and the United Kingdom has agreed to reduce duties on 2,500 American products.
  • Trump said the deal brings the U.K. Into economic security alignment with the U.S., calling it the first of its kind and asserting it will protect thousands of jobs on both sides.
  • The agreement signals improved bilateral trade relations amid ongoing tariff tensions with other countries, though the baseline 10% U.S. Tariffs on British imports will remain in place.
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https://www.cryptela.com broke the news in on Tuesday, May 6, 2025.
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