Trump and Starmer agree historic UK-US trade deal with tariffs slashed for Britain
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Tariffs slashed for UK as Trump and Starmer agree historic trade deal
- UK Prime Minister Keir Starmer and US President Donald Trump have reached a historic trade agreement, reducing tariffs imposed by Trump's "Liberation Day" policy.
- The deal cuts US tariffs on UK cars from 27.5% to 10% for up to 100,000 vehicles and eliminates tariffs on steel and aluminum. The UK will scrap its tariff on US ethanol.
- While hailed as a significant achievement by Starmer and Trump, the deal is not a full free trade agreement and focuses on specific industries.
- The agreement follows the UK's recent trade deal with India and precedes an anticipated agreement with the EU.
- Despite the positive development, critics point out that the new terms are still less favorable for the UK than before Trump's presidency.