Skip to content
General-newsAgreedUkIndustryTariffAnnouncedReducePoliticsBetFinance

Deal Reached by US and UK on Tariff Reduction for Cars and Metals Imports from Trump Era

Implementing a 10% tariff on the majority of UK-origin items imported into the US.

United States to Impose 10% Tariff on Most Goods Imported from UK
United States to Impose 10% Tariff on Most Goods Imported from UK

Deal Reached by US and UK on Tariff Reduction for Cars and Metals Imports from Trump Era

Title: Breasting the Trade Barriers: The New US-UK Trade Agreement

Alright, mate, let's get down to it! The US and the UK have struck a deal, ya see. They've slashed import taxes on an assortment of British cars and opened the gates for some steel and aluminum, all duty-free. Sounds like a win for our British mates, eh?

This new agreement's a sigh of relief for crucial UK industries reeling under the new tariffs President Donald Trump's been dishing out since his return to the White House. But, and here's the irony, they're still saddled with a 10% duty on most of their goods heading stateside.

Now, the leaders from both countries are all "woohoo, monumental," but analysts aren't exactly jumping for joy, mate. They reckon it ain't much of a game-changer when it comes to the nuts and bolts of trade between the two countries. Remember, these changes are compared to the old order, before Trump stirred the pot this year.

To break it down, here's the skinny on the key changes:

  1. Tariffs on up to 100,000 UK cars are now down from 27.5% to 10%. That's a bloody big drop meant to boost UK car exports to the US.
  2. Total elimination of tariffs on steel. A boon for steel producers, without a doubt!
  3. However, that 10% duty on most UK goods continues to stand. I know, not exactly the big win some might've hoped for.
  4. The UK's still hit with a 25% tariff when importing US steel, aluminum, vehicles, or auto parts. Tough break, eh?

This trade deal ain't the first, nor the last, tariff-based move by the Americans under Trump. Recall the 10% tariff on UK goods, and the broader "tit-for-tat" tariffs imposed on numerous nations, except for the UK, due to its trade balance with the US.

So, in essence, this agreement's softening some tariff blows, especially in the auto and steel sectors, but keeping a 10% duty on most UK goods. The bottom line: not a sweeping tariff relief but a partial one, at least as of now. Stay tuned, mate, as we'll keep you posted on any further tweaks!

  1. In the recent US-UK trade agreement, tariffs on up to 100,000 UK cars have been reduced from 27.5% to 10%, a significant drop aimed at boosting UK car exports to the US.
  2. The agreement also includes the total elimination of tariffs on steel, which is beneficial for steel producers.
  3. However, most UK goods continue to face a 10% duty when exported to the US, a factor that may not offer the expected win.
  4. The UK still pays a 25% tariff when importing US steel, aluminum, vehicles, or auto parts.
  5. This trade agreement is one of many tariff-based moves by the US under Trump's administration, reflecting the ongoing influence of politics and finance on the broader news landscape of general-news and industry.

Read also:

    Latest