UK-US Deal Cuts Tariffs, Saves Thousands of Jobs
UK-US Deal Cuts Tariffs, Saves Thousands of Jobs

UK-US Deal Cuts Tariffs, Saves Thousands of Jobs

News summary

The UK and US have reached a landmark trade agreement that significantly reduces tariffs, saving thousands of jobs in the British car, steel, and aluminium industries. The deal cuts US tariffs on UK car exports from 27.5% to 10%, while eliminating the 25% tariffs on UK steel and aluminium entirely, providing critical relief to industries on the brink of collapse. Prime Minister Keir Starmer hailed the agreement as historic and a major win for British workers and businesses, emphasizing ongoing efforts to build on this progress. Business Secretary Jonathan Reynolds highlighted the deal's importance in preserving jobs and strengthening key sectors, while also assuring that UK food standards will not be compromised. The agreement also secures unprecedented market access for British farmers, including tariff-free quotas on beef, with continued protections on food standards. Despite the positive reception from the government and industry leaders, some political figures expressed criticism, underscoring ongoing debates about the deal's implications.

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