"The new tariffs regime proposed by the US and UK may allow up to 100,000 British cars to enter the US annually at a 10% tariff, while steel and aluminum imports will be tariff-free."
"This trade deal framework keeps most goods under a 10% baseline tariff while setting specific conditions for UK automobile exports, showcasing a strategically selective approach."
The US and UK are potentially finalizing a new tariffs regime that includes a 10% tariff on up to 100,000 British cars entering the US, while eliminating tariffs on steel and aluminum imports from the UK. This framework, which evolves from earlier discussions, maintains a baseline 10% tariff for most goods. In parallel, the Trump Administration is considering reducing tariffs on Chinese imports from 145% to 80%, a proposal unlikely to be well-received by China, yet indicative of ongoing trade negotiations that are impacting global markets positively.
Read at 24/7 Wall St.
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