Tariffs slashed as historic UK-US trade deal between Starmer and Trump comes into effect
Starmer and Trump’s historic trade deal comes into effect
- A historic trade deal between Sir Keir Starmer and Donald Trump has officially come into effect today, eight weeks after its initial announcement.
- The agreement slashes tariffs on UK car exports to the US from 27.5 per cent to 10 per cent and removes 10 per cent tariffs on aerospace goods.
- This implementation is expected to save hundreds of millions of pounds annually and support hundreds of thousands of UK jobs, benefiting sectors like automotive and aerospace.
- Despite the broad tariff reductions, a 25 per cent levy on British steel remains in place, with negotiations ongoing for its removal.
- The prime minister welcomed the deal as beneficial for British businesses and jobs, while Trump praised Sir Keir for securing the agreement.