The deal, finalized in a late-night call with UK Prime Minister Keir Starmer, gives President Donald Trump a symbolic win as he pushes for more such trade agreements with other countries|@WhiteHouse|X
President Donald Trump announced a limited trade deal with the UK on Thursday, rolling back US tariffs on British steel and cars but keeping the 10% baseline levies on imports.
The deal, finalized in a late-night call with UK Prime Minister Keir Starmer, gives Trump a symbolic win as he pushes for more such trade agreements with other countries. It is the first since his reciprocal tariffs in April.
Under the framework agreement, steel and aluminum from the UK are exempted from the 25% US tariffs in exchange for purchasing Boeing jets worth $10 billion, according to Commerce Secretary Howard Lutnick.
The UK is dropping beef tariffs from 20% to zero and cutting ethanol tariffs.
Car tariffs will come down from the proposed 27.5% to 10% for the first 100,000 UK vehicles. The US imported 96,000 vehicles from Britain in 2024. Bloomberg states it is far less than the 3 million that Mexico, the US’s largest auto supplier, delivered.
Political pundits say the deal’s impact will be less, considering the UK is America’s ninth-largest trading partner, exchanging goods worth $148 billion.