President Donald Trump has signed documents to reduce tariffs on UK cars being imported to the US, which will bring into force parts of a tariff pact agreed between the two countries last month. Speaking at the G7 summit in Canada, Prime Minister Sir Keir Starmer called the move a "very important day" for both countries. The pact was the first that the White House has announced since it imposed tariffs on various goods entering America from around the world earlier this year. But a 10% levy remains in place on most goods, including cars, arriving to American shores from the UK. As agreed last month, the US said it would allow up to 100,000 cars into the US at a 10% tariff, instead of the 25% import tax imposed by Trump on all car imports earlier this year. The document said the US would set up a similar system for steel and aluminium, but did not specify what it would be. "We're gonna let you have that information in little while," the US President said when asked if steel tariffs would be axed for the UK - a major part of the original tariff pact. The order also agreed to remove tariffs on certain kinds of aerospace products. Sir Keir said the deal "implements on car tariffs and aerospace", and described the agreement as a "sign of strength" between Britain and America. The deal will come into effect seven days following its official publication. Business and Trade Secretary Jonathan Reynolds said the announcement was "the result of work happening at pace between both governments to lower the burden on UK businesses, especially the sectors most impacted by the tariffs". "We will update parliament on the implementation of quotas on US beef and ethanol, part of our commitment to the US under this deal," he added. US beef exports to the UK had been subject to a 20% tariff within a quota of 1,000 metric tons. The UK has scrapped this tariff and raised the quota to 13,000 metric tonnes. But the UK government has insisted there will be no weakening of food standards and that any US beef imports will need to meet food safety requirements.
Trump signs order confirming parts of UK-US tariff deal
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"Trump Signs Order to Reduce UK Car Tariffs as Part of Trade Agreement"
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TruthLens AI Summary
President Donald Trump has officially signed documents that will reduce tariffs on cars imported from the United Kingdom to the United States, marking a significant step forward in a tariff agreement reached between the two nations last month. During the G7 summit in Canada, UK Prime Minister Sir Keir Starmer hailed this move as a "very important day" for bilateral relations. This agreement is notable as it represents the first major tariff pact announced by the White House since the administration implemented tariffs on various goods from around the globe earlier in the year. While the new deal allows for a reduction of tariffs to 10% on up to 100,000 cars imported from the UK, a substantial 10% levy will still apply to the majority of goods, including vehicles. Furthermore, the deal includes provisions for steel and aluminum tariffs, although specific details regarding their implementation remain unclear. When questioned about potential tariff reductions on steel, President Trump indicated that further information would be forthcoming.
In addition to car tariffs, the agreement also involves the removal of tariffs on certain aerospace products, which is expected to bolster trade in that sector. Sir Keir Starmer emphasized that the deal signifies a "sign of strength" in the relationship between Britain and the United States. UK Business and Trade Secretary Jonathan Reynolds pointed out that this announcement is the outcome of diligent cooperation between the two governments aimed at alleviating the financial burden on UK businesses, particularly those most affected by existing tariffs. Reynolds also mentioned that Parliament would be updated on the implementation of quotas concerning US beef and ethanol, commitments made under this new agreement. Notably, the UK has eliminated a 20% tariff on US beef imports, increasing the quota from 1,000 metric tons to 13,000 metric tons, while assuring that food safety standards will remain stringent and unchanged for any US beef entering the UK market.
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