US-UK Trade Deal Cuts Auto Tariffs to 10% for 100,000 Vehicles, Reduces Steel and Beef Tariffs

The United States and the United Kingdom have reached a trade agreement focused primarily on reducing tariffs in key sectors including automobiles, steel, and aluminum. Under the deal, the US will cut tariffs on UK-made cars from 25% to 10% for the first 100,000 vehicles, with subsequent imports subject to the original 25% tariff. Additionally, US tariffs on UK beef will be reduced to nearly zero, while the 25% tariff on UK steel imports will be lowered, though the exact rate and quota are yet to be determined. The agreement also includes preferential treatment for the UK in any future US tariff measures under Section 232 investigations. UK officials described the deal as substantive but not a comprehensive free trade agreement, noting ongoing work on other sectors such as pharmaceuticals, aerospace, and film tariffs. President Donald Trump emphasized that this deal is specific to the UK and downplayed the possibility of extending similar terms to other countries. The agreement aims to streamline customs processes and increase US beef exports to the UK. The trade deal has drawn attention internationally, with Japan monitoring its impact on future negotiations. The White House has downplayed concerns from the North American auto industry regarding the deal. Overall, the agreement marks a notable step in US-UK trade relations, focusing on sectors that have been heavily impacted by previous tariffs.