President Trump signed an executive order reducing tariffs on UK car imports to 10%, a significant decrease from the previous 25%. This agreement, part of a broader pact struck last month, aims to alleviate the strain on UK businesses impacted by US tariffs on various goods. Prime Minister Sir Keir Starmer celebrated the decision as pivotal, although the deal still imposes levies on most UK goods and does not resolve steel import charges, an area of ongoing negotiation. Trump's tariff strategy continues to aim at boosting American-made goods while invoking global economic concerns.
The US will allow up to 100,000 UK cars to enter at a 10% tariff, lower than the previous 25% tax, as part of a newly agreed deal.
Prime Minister Sir Keir Starmer hailed the tariff reduction as a significant achievement, emphasizing its importance for British businesses facing the impact of Trump's policies.
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