US, UK Announce Partial Post-Tariff Trade Deal

The UK and US have officially announced a trade agreement that reduces US tariffs on British car imports from 27.5% to 10% for the first 100,000 vehicles and eliminates tariffs on UK steel and aluminum. In exchange, Britain will purchase $10 billion in Boeing aircraft and expand market access for US agricultural products, including beef and ethanol, while removing tariffs on US ethanol. The agreement, celebrated by Prime Minister Keir Starmer and President Donald Trump, largely restores pre-tariff trading conditions but maintains a baseline 10% tariff on most other goods. Economists and experts have expressed skepticism about the deal's economic benefit, noting it falls short of a hoped-for comprehensive free trade pact. Critics argue that the agreement offers limited gains and does not resolve wider global trade tensions. Further negotiations are planned to expand the deal to additional sectors, such as pharmaceuticals.