US EditionTrump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain
- On Thursday, President Donald Trump announced a trade agreement with the United Kingdom reducing tariffs on autos, steel, and aluminum in the Oval Office.
- The deal follows Britain's 2016 EU exit, which allowed the U.K. To negotiate an independent trade agreement after lengthy and difficult talks.
- The agreement cuts British car tariffs from 27.5% to 10% for up to 100,000 vehicles, removes U.S. Tariffs on steel and aluminum, and opens markets to U.S. Agricultural products.
- Prime Minister Keir Starmer described the occasion as a "historic day" marking the 80th anniversary of Victory Day and emphasized that the agreement would safeguard a significant number of automotive industry jobs.
- The agreement is expected to create up to $5 billion in new U.S. Exports and may serve as a model for future trade negotiations between the two nations.
530 Articles
530 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…
Winners and losers in UK-US deal revealed as firms complain about tariffs
THE Prime Minister dashed to Jaguar Land Rover in Solihull yesterday to show car makers they were winners in the UK-US deal. But most businesses still believe they are in a worse situation than before President Donald Trump’s tariff blitz. Most businesses still believe they are in a worse situation than before President Donald Trump’s tariff blitz Bosses privately complained last night that despite being the first nation to strike a deal, the UK…
'Low-hanging fruit': NYT's Maggie Haberman unimpressed as Trump touts major deal
President Donald Trump is touting his new trade deal with the United Kingdom as a major breakthrough in his push to secure fair trade arrangements for the United States. But New York Times reporter Maggie Haberman is skeptical that it's really what he's making it out to be, and thinks it was more of...
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