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.
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.
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