UK-US trade deal: Here’s what changes today
On April 7, 2025, Prime Minister Keir Starmer speaks while visiting a Jaguar Land Rover Automobile Factory in the United Kingdom.
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While the London-British-US trade agreement came into play on Monday, a preference rate of British cars imported to the United States, the questions focus on the latest taxes in the UK’s metal exports.
In May, the UK was the first country to negotiate a trade agreement with the United States because Donald Trump announced the so -called mutual tariffs a month ago. The terms of the agreement are valid as of June 30.
Within the scope of the agreement, a 10% blanket tariff is valid for the UK goods imported to the USA.
In addition, the top 100,000 vehicles sold from the UK to the United States each year will be exposed to a 10% tariff. Other vehicles sent to the US will receive 25% import tax.
USA Trade surplus on goods He exports more than imports to the UK and the UK. Cars UK’s biggest exports The US appeared globally as the best buyer of British cars. Last year, 27.4% of all UK automobile exports were sent to America.
The 10-25% tariff range is sharply lower than a 50% tax slaughtered from other trade partners to vehicles imported to the USA.
The UK’s agreement with the United States will also remove the tasks from the Aviation sector of England.
However, London is still trying to lower tariffs on key industrial metals.
British, currently with a 25% tariff rate in steel and aluminum exports to the United States, the only nation, compared to a larger 50 for other American trade partners, the two countries have decreased British steel tariffs to 0%. The US is the fourth largest export market for British iron and steel.
British government in question “We will continue to progress further on Monday and will make progress towards 0% tariffs in core steel products as accepted.”
Again on Monday, British Prime Minister Keir Starmer launched a trade agreement that protects the “historical” trade agreement “the key industries, which is vital to our economy, and protects the jobs.
Mike Hawes, CEO of England’s automobile trade organ, said in a statement on Monday that the agreement was “a great relief for the UK automotive companies that export to this critical market”.
“The punishment that brings the US export market to stop immediately cuts and threatens the applicability of some of the most famous names in British manufacturing.” He said.
