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Ladybbird · 10-05-25, 09:15

US And UK Agree Deal Slashing Trump Tariffs On Cars And Metals

Trump Cuts Tariffs On UK Steel And Cars in Landmark Deal as He Awaits King Charles' Official Invite to A Second State Banquet

Starmer Can Claim Limited Win With America Deal

BBC 10 MAY 2025

Trump with Queen Elizabeth II at Buckingham Palace June, 2019. Her majesty thought he was VERY rude and boorish...He thought he was staying at Buckingham Palace, but was refused...

Trump likes Starmer and told reporters the US / UK relationship will soon be stronger than ever before

The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and the UK.

President Donald Trump has removed the 25% tariff on UK steel and aluminium, and immediately cut the rate on most car exports from 27.5% to 10%. In return, the UK government says its removing the tariff on ethanol for US goods, and agrees reciprocal market access on beef.

UK PM Keir Starmer called it a fantastic, historic day, adding that the the UK has no greater ally than the United States

The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and UK.

The announcement offers relief for key UK industries from some of the new tariffs President Donald Trump has announced since his return to the White House in January.

But it will leave a 10% duty in place on most goods from the UK.

Though hailed by the leaders of the two countries as significant, analysts said it did not appear to meaningfully alter the terms of trade between the countries, as they stood before the changes introduced by Trump this year.

No formal deal was signed on Thursday and the announcements from both governments were light on details.

Speaking from a Jaguar Land Rover factory in the West Midlands, Sir Keir Starmer described the agreement as a fantastic platform

This historic deal delivers for British business and British workers protecting thousands of British jobs in key sectors including car manufacturing and steel, he said

At the White House, Trump called it a great deal and pushed back against criticism that he was overstating its importance.

Whats in The Deal?

The two sides said the US had agreed to reduce the import tax on cars which Trump had raised by 25% last month to 10% for 100,000 cars a year.

That will help luxury carmakers such as Jaguar Land Rover and Rolls Royce, but could limit growth in the years ahead, as it amounts to roughly what the UK exported last year.

Business Secretary Jonathan Reynolds told the BBC the UK was days away from losing thousands of jobs at carmakers facing US tariffs.

This was very serious, he said. It would have meant people would have lost their jobs without this breakthrough.

Tariffs on steel and aluminium, which Trump raised earlier this year to 25%, have also been slashed, according to the Prime Ministers Office. The US said instead it would establish a quota, as had existed previously.

The two countries also each agreed to allow the import of up to 13,000 metric tonnes of beef from the other country, according to documents released by the US Trade Representative

The US said the change would significantly expand its sales of beef to the UK, which had previously faced 20% duties and were capped at 1,000 metric tonnes.

Overall, the US said the deal would create a $5BIL opportunity for exports, including $700MIL in ethanol and $250MIL in other agricultural products.

It cant be understated how important this deal is, US Agriculture Secretary Brooke Rollins said.

This is a maxed out deal that we are going to make BIGGER, Trump said....

Whats The Reaction?

UK Steel director General Gareth Stace welcomed the agreement, saying it would offer "major relief" to the steel sector.

The UK governments cool headed approach and perseverance in negotiating with the US clearly paid off, he said.

Win For US Ranchers?

The US and UK have been discussing a trade deal since Trumps first term. They came close to signing a mini agreement at that time.

& US Farmers??

But the US has long pushed for changes to benefit its farmers and pharmaceutical issues, which had been non starters politically for the UK.

It was not clear how much those issues had advanced.

The National Cattlemens Beef Association said the agreement in principle had delivered a tremendous win for American ranchers but the US Meat Export Federation, which tracks trade barriers for farmers in the US, said it was still trying to pin down information about the changes.

The UK said there would be no weakening in food standards for imports.

While the UK appears to have made some commitments, the devil will be in the details, said Michael Pearce, deputy chief economist at Oxford Economics, which said it was making no change to its economic forecasts as a result of the announcement.

Other Issues Loom

Trump has said repeatedly that he wants to tax imports of pharmaceuticals, in a bid to ensure the US has a strong manufacturing base for critical medicines.

The UK said the US had agreed to give British firms preferential treatment

But Ewan Townsend, a lawyer at Arnold & Porter, who works with health care firms, said the industry was now left waiting to see exactly what this preferential treatment will mean

US-UK Trade Deal Announced & Watch Full Phone Call With Trump And Starmer

https://www.youtube.com/watch?v=2GbfrxnZg6Y

https://www.youtube.com/watch?v=xPQ1yNulYmU

10-05-25, 09:15	#1
Ladybbird Join Date: Feb 2011 Posts: 50,260 Thanks: 28,721 Thanked 14,428 Times in 10,234 Posts Awards Showcase Total Awards: 8	Trump Slashes UK Tariffs On Cars And Metals in Landmark Deal US And UK Agree Deal Slashing Trump Tariffs On Cars And Metals Trump Cuts Tariffs On UK Steel And Cars in Landmark Deal as He Awaits King Charles' Official Invite to A Second State Banquet Starmer Can Claim Limited Win With America Deal BBC 10 MAY 2025 Trump with Queen Elizabeth II at Buckingham Palace June, 2019. Her majesty thought he was VERY rude and boorish...He thought he was staying at Buckingham Palace, but was refused... Trump likes Starmer and told reporters the US / UK relationship will soon be stronger than ever before *The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and the UK.* President Donald Trump has removed the 25% tariff on UK steel and aluminium, and immediately cut the rate on most car exports from 27.5% to 10%. In return, the UK government says its removing the tariff on ethanol for US goods, and agrees reciprocal market access on beef. UK PM Keir Starmer called it a fantastic, historic day, adding that the the UK has no greater ally than the United States The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and UK. The announcement offers relief for key UK industries from some of the new tariffs President Donald Trump has announced since his return to the White House in January. But it will leave a 10% duty in place on most goods from the UK. Though hailed by the leaders of the two countries as significant, analysts said it did not appear to meaningfully alter the terms of trade between the countries, as they stood before the changes introduced by Trump this year. No formal deal was signed on Thursday and the announcements from both governments were light on details. Speaking from a Jaguar Land Rover factory in the West Midlands, Sir Keir Starmer described the agreement as a fantastic platform This historic deal delivers for British business and British workers protecting thousands of British jobs in key sectors including car manufacturing and steel, he said At the White House, Trump called it a great deal and pushed back against criticism that he was overstating its importance. Whats in The Deal? The two sides said the US had agreed to reduce the import tax on cars which Trump had raised by 25% last month to 10% for 100,000 cars a year. That will help luxury carmakers such as Jaguar Land Rover and Rolls Royce, but could limit growth in the years ahead, as it amounts to roughly what the UK exported last year. Business Secretary Jonathan Reynolds told the BBC the UK was days away from losing thousands of jobs at carmakers facing US tariffs. This was very serious, he said. It would have meant people would have lost their jobs without this breakthrough. Tariffs on steel and aluminium, which Trump raised earlier this year to 25%, have also been slashed, according to the Prime Ministers Office. The US said instead it would establish a quota, as had existed previously. The two countries also each agreed to allow the import of up to 13,000 metric tonnes of beef from the other country, according to documents released by the US Trade Representative The US said the change would significantly expand its sales of beef to the UK, which had previously faced 20% duties and were capped at 1,000 metric tonnes. Overall, the US said the deal would create a $5BIL opportunity for exports, including $700MIL in ethanol and $250MIL in other agricultural products. *It cant be understated how important this deal is, US Agriculture Secretary Brooke Rollins said.* This is a maxed out deal that we are going to make BIGGER, Trump said.... Whats The Reaction? UK Steel director General Gareth Stace welcomed the agreement, saying it would offer "major relief" to the steel sector. The UK governments cool headed approach and perseverance in negotiating with the US clearly paid off, he said. Win For US Ranchers? The US and UK have been discussing a trade deal since Trumps first term. They came close to signing a mini agreement at that time. & US Farmers?? But the US has long pushed for changes to benefit its farmers and pharmaceutical issues, which had been non starters politically for the UK. It was not clear how much those issues had advanced. The National Cattlemens Beef Association said the agreement in principle had delivered a tremendous win for American ranchers but the US Meat Export Federation, which tracks trade barriers for farmers in the US, said it was still trying to pin down information about the changes. The UK said there would be no weakening in food standards for imports. While the UK appears to have made some commitments, the devil will be in the details, said Michael Pearce, deputy chief economist at Oxford Economics, which said it was making no change to its economic forecasts as a result of the announcement. Other Issues Loom Trump has said repeatedly that he wants to tax imports of pharmaceuticals, in a bid to ensure the US has a strong manufacturing base for critical medicines. The UK said the US had agreed to give British firms preferential treatment But Ewan Townsend, a lawyer at Arnold & Porter, who works with health care firms, said the industry was now left waiting to see exactly what this preferential treatment will mean US-UK Trade Deal Announced & Watch Full Phone Call With Trump And Starmer https://www.youtube.com/watch?v=2GbfrxnZg6Y https://www.youtube.com/watch?v=xPQ1yNulYmU

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