Trump signs order confirming parts of UK-US tariff deal
Summary
President Trump signed an order to lower tariffs on UK cars entering the US, which enacts part of a trade deal between the UK and the US. The deal allows up to 100,000 UK cars to enter the US at a reduced tariff rate. Plans to adjust tariffs on other goods like steel are still being discussed.Key Facts
- President Trump signed an order to reduce tariffs on UK cars shipped to the US.
- The new tariff agreement was made at the G7 summit in Canada.
- Up to 100,000 UK cars can enter the US with a 10% tariff, reduced from 25%.
- Tariffs on other products like steel and aluminum have not been finalized.
- Certain aerospace products will also have reduced tariffs under this deal.
- UK steelmakers will continue to face existing tariffs, though negotiations are ongoing.
- The UK government has been under pressure to minimize tariffs which affect exports.
- The trade deal will go into effect seven days after its official publication.
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