US Expected to Lower Tariffs on British Cars Within Days

The United States, under President Donald Trump, is expected to begin lowering tariffs on British cars within days, following a trade deal agreed last month between the UK and US. British Trade Secretary Jonathan Reynolds expressed optimism that the tariff reduction, which cuts US tariffs on British cars from 25% to 10% for up to 100,000 vehicles annually, will be implemented imminently after meetings with US Commerce Secretary Howard Lutnick. The UK is ready to reduce tariffs on US beef and ethanol, while the US will also lift steel and aluminium tariffs on British imports, although negotiations on steel tariffs are ongoing. The implementation of the deal hinges on a presidential proclamation from Trump, which is anticipated soon, with officials prioritizing automotive tariffs due to simpler enforcement compared to steel and aluminium. The agreement aims to protect thousands of British jobs and support the UK's key car manufacturing sector, which exports about £9 billion worth of vehicles to the US annually. While UK officials are hopeful, there remains uncertainty around the timing and full execution of the deal, especially with the July 9 deadline looming for current tariff arrangements.