UK-US Trade Deal Cuts Tariffs, Adds US Imports

The recently announced UK-US trade deal was described by senior UK ministers as essential to protect up to 150,000 jobs, especially in the steel, aluminium, and automotive sectors. The agreement removes US tariffs on UK steel and aluminium and lowers the car tariff from 27.5% to 10% for the first 100,000 vehicles. In return, the UK will grant market access for US beef and ethanol imports. Ministers, including Darren Jones and Jonathan Reynolds, stressed that thousands of jobs were at risk without this deal, highlighting its immediate impact. The government argues that the UK is now in a better position than under the previous tariff regime introduced by Donald Trump. Keir Starmer and officials estimate the deal will benefit the UK economy by billions of pounds, underscoring its significance.