The United Kingdom and the United States have reached a limited trade agreement to ease bilateral tensions and bolster economic cooperation. The deal is not a comprehensive free trade agreement but marks a significant step in Anglo-American trade relations.
Under the new framework, UK-made cars secured notable concessions, including a 10% tariff exemption for up to 100,000 vehicles annually—a substantial relief from the recently announced 27.5% combined levy on most vehicle imports. The agreement also eliminates tariffs on UK steel and aluminium exports to the United States. In reciprocation, the UK has agreed to reduce its 19% tariff on American ethanol, potentially facilitating annual exports worth £560 million. The deal further encompasses provisions to reduce trade barriers for American beef and machinery exports, with projected increases of approximately £4 billion in export value.
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