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

  • President Donald Trump agreed on May 8, 2025, to cut tariffs on UK autos, steel, and aluminum as part of a planned trade deal announced at the White House.
  • The deal follows Trump’s earlier tariff policies aimed at boosting US manufacturing and reflects ongoing UK-US trade discussions that intensified after Brexit enabled independent UK negotiations.
  • The agreement lowers tariffs on British autos from 27.5% to 10% for up to 100,000 vehicles each year, removes the 25% duties on steel and aluminum, and allows increased exports of American agricultural goods to the UK while maintaining existing UK food safety and animal welfare regulations.
  • Trump described the deal as a “very big deal” increasing access for US beef and ethanol, while UK Prime Minister Keir Starmer called it a “fantastic, historic day” coinciding with the World War II VE Day anniversary.
  • The agreement reduces barriers to trade and benefits important sectors, yet it remains narrowly focused as a foundation for wider negotiations, with final terms still outstanding and unlikely to substantially change either nation's underlying trade imbalances.
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Financial Times broke the news in London, United Kingdom on Tuesday, May 6, 2025.
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