A new trade agreement between US President Trump and UK Prime Minister Kier Starmer has significantly reduced tariffs on UK car exports, from 27.5% to 10% for the first 100,000 vehicles shipped to the US. This move is crucial for the UK's automotive sector, which supports 250,000 jobs and includes manufacturers like Jaguar Land Rover, Aston Martin, and Rolls-Royce. The new deal not only fosters trade but also brings assurance to the industry after months of uncertainty due to tariffs that disrupted operations.
The car industry is vital to the UK's economic prosperity, sustaining 250,000 jobs. We warmly welcome this deal which secures greater certainty for our sector and the communities it supports.
As it turns out, 100,000 is almost as many cars as the UK exported to the US last year- about 102,000 last year.
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