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

  • On May 8, 2025, President Donald Trump announced a planned trade deal with the United Kingdom to cut tariffs on autos, steel, and aluminum in Washington, D.C.
  • The deal follows Brexit enabling the UK to negotiate independently since 2016 and a resumption of talks in 2025 after little progress under Joe Biden's administration.
  • The agreement reduces car tariffs from 27.5% to 10% on the first 100,000 vehicles, eliminates 25% levies on steel and aluminum, and increases U.S. Exports of beef and ethanol to the UK.
  • Trump said the deal "will be really great for the U.K. Also," while Prime Minister Keir Starmer called it "truly historic" and emphasized protection of thousands of auto jobs.
  • The deal offers a political win for Starmer and some trade clarity, but most baseline tariffs remain, and final terms are still being finalized in coming weeks.
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The Latest: Trump agrees to cut tariffs on UK autos, steel and aluminum in a trade deal

President Donald Trump said from the White House on Thursday that his government has reached a trade agreement with the United Kingdom. Trump said the deal increases access for U.S.

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US and UK announce new trade deal, first since Trump imposed global tariffs

The United States and the United Kingdom have reached a new trade agreement, reducing tariffs on U.K. cars, steel and aluminum, as President Trump seeks to expand trade partnerships.

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Trump keeps 10% tariffs on UK but cuts taxes on British autos, steel and aluminum

President Donald Trump agreed Thursday to cut tariffs on U.K. autos, steel and aluminum but played down the possibility of other nations getting similarly favorable terms on his taxes.

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Financial Times broke the news in London, United Kingdom on Tuesday, May 6, 2025.
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