Tariffs slashed as historic UK-US trade deal between Starmer and Trump comes into effect
The historical UK-US trade agreement between Sir Keir Starmer and Donald Trump finally entered into force-eight weeks after greeting as a “fantastic ında breakthrough for two countries.
Tariffs affecting the UK automobile and aviation sectors were cut at 5.01 today (30 June). However, 25 percent tax will be applied on steel as the two sides continue to negotiate.
The Prime Minister welcomed the implementation of the agreement, which was delivered for the British businesses and said that it protects the UK business ”.
When the first time in May was introduced, the President Trump described the trade agreement as “big ,, while the workers’ leader would protect the car manufacturers and most importantly, the UK will fulfill the promise of rescue the steel industry.
Started with a large fanfare with a common transatlantic press conference, weeks passed, there was a surprise between the industry and the agreement did not come into force.
However, now the US export tariffs to the US has been reduced from 27.5 percent to 10 percent.
Ministers said that the movement will save hundreds of millions of pounds every year and support hundreds of thousands of jobs.
Aviation and space industry, 10 percent of goods such as engines and aircraft parts have been removed and found that companies such as Rolls Royce.
However, under the original agreement conditions in May, taxes on steel and aluminum were expected to fall to zero.
At the same time, a 10 percent tariff would remain for other goods, and England agreed to scrape the schedule on Ethanol from the United States to England.
However, for a predictable future until another agreement between the two sides, it will remain at a rate of 25 percent in the British steel, one of the industries that can meet at least.
The news comes months after the MPs have to seize the Chinese owners and to ensure that British Steel had to sit on an unusual Saturday to confirm their emergency plans to save the emergency plans to save the Scunthorpe Blast furnaces.
The implementation of the agreement will be seen as a coup for the prime minister who resists the calls for retaliation against the United States and replaces it.
In May, Mr. Trump praised Sir Keir for receiving the line. He said: “The United States and Britain have been trying to make a deal and make an agreement for years and never came there. This did with the Prime Minister, so I want to congratulate you.”
But the conservative leader Kemi Badenoch said England’s “swelling” and how much he would have to pay with costs before entering the White House.
