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Prime Minister Keir Starmer speaks during a visit to the Jaguar Land Rover Factory on April 7, 2025 in Birmingham, UK.
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The London-Handle Deal in the UK and the United States enters Monday, giving a preferential tariff rate for British cars imported to America, while the issues are delayed about the final metal export levies in the UK.
Still in MayThe UK became the first country to agree on a trade agreement with the United States, as White House leader Donald Trump presented his so -called mutual tariffs a month before. The terms of the agreement are on June 30.
According to the transaction, the tariff by 10% by 10% is extended to the goods imported in the US.
They will also see the first 100,000 vehicles sold from the UK in the United States each year, which is subjected to 10%. Any additional vehicles sent to the US will receive 25% of import duty.
According to images From the influential trade bodies AUTOS Society of Motor and Merchant Manufacturers (SMMT), about 102,000 vehicles manufactured in Britain were exported last year.
Mike Haws, CEO of SMMT, said on Monday that the transaction was “a great relief for UK car companies exporting to this critically important market.”
“This immediately reduces the punitive tariffs that led the US export market and threatened the vitality of some of the most famous names in British production,” he said in a statement.
In the US is there A trading surplus on goods With Britain, that is, it exports more to the UK than imports. Car The largest exports to the UK In the US, when the US is the main buyer of British cars worldwide. Last year, 27.4% of all car exports to the UK were sent to America.
The tariff range of 10-25% is sharply lower than the 50% fee that hit the vehicles imported to the US from other trading partners.
Uncertainty has become
The UK’s transaction from the US also remove duties from the UK aerospace sector.
But London is still working to reduce tariffs for key industrial metals.
While Britain is the only nation that now has a preferential 25% tariff rate On their steel and aluminum exports to the US, compared to a larger 50% for other US trading partners, both countries talked about reducing British steel tariffs to 0%. The US-fourth largest export market of British iron and steel.
UK government – Note On Monday, “We will continue to go on and make progress to 0% tariffs for the main steel products as we agreed.”
According to John Carrurs-Rinka-Market MEP International, negotiations on steel tariffs were stopped by the rule of “melting and investing” and infusion on the import of steel. The guide was introduced as part of the previous administration and only classified the product as produced in the UK when it is melted and fed in Britain.
This is not the case for many semi -finished products arriving and ending at a large Tata steel plant in Wales, which sources from its other factories in countries such as India and the Netherlands.
“TATA has a final decision and they will not stop making this material on the other hand, so the only way out of this (for the UK) maybe if the transactions are reached for other countries or for the rest of the industries,” said CarRuthers-Green.
Trump’s initial tariff announcement has caused an immediate jump at the US steel prices that remain elevated even after approval.
“Asia and Europe are still dealing with an excess of depressing prices … In Europe, it means that the steel industry is really fighting,” said Carreutes Gin.
Also on Monday, British Prime Minister Kire Starmer made a “historical” trade transaction as the one that will “protect key industries that are vital for our economy” and workplace protection.
