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UK, US strike trade deal, slash tariffs on steel, cars

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Fri, 9 May 2025, 10:53am
Donald Trump. Photo / Getty Images
Donald Trump. Photo / Getty Images

UK, US strike trade deal, slash tariffs on steel, cars

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Fri, 9 May 2025, 10:53am

Donald Trump's struck his first trade deal since last month's tariff announcement – an agreement with the UK. 

The US will slash tariffs on British steel and aluminium, and most British cars. 

But UK exporters will still face the same 10% base tariff also faced by New Zealand exporters. 

On the flipside, the UK has agreed to remove the tariff on ethanol for US goods, and agreed to reciprocal markets for certain products, including beef.  

UK Correspondent Vincent McAviney told Ryan Bridge that in particular is likely to be quite controversial, as the UK has higher standards when it comes to agricultural products than the US does.  

He says it raises a question as to what that means for the farming industry in the UK. 

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