How Starmer’s UK-US trade deal with Trump impacts tariffs on Britain

Keir Starmer has unveiled a new deal between the US and the UK, making Britain America’s first major trading partner to partially swerve the looming threat of tariffs. US president Donald Trump last month unveiled sweeping tariffs on major economies across the world, including a 10 per cent tariff on goods imports from the UK and even larger tariffs on imports of vehicles, a move which sparked concerns among major manufacturers, especially carmakers. But the new deal, which does not amount to a full free trade deal, will see a reduction in US barriers on UK agricultural, chemical, energy and industrial exports, such as on steel and aluminium, as well as increased market access for American exports, especially in agricultural products such as beef. Tariffs on UK car exports will not be scrapped altogether but will be reduced from 27 to 10 per cent, Starmer said. But the baseline 10 per cent tariff on imports of several other products will remain. It was unclear whether British pharmaceutical companies would be exempt from tariffs, with Starmer insisting he would seek “preferential treatment” for pharma exports. Read more of the story here 👇 https://www.cityam.com/keir-starmer-strikes-historic-uk-deal-with-us-in-bid-to-swerve-tariffs/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Mauricio Alencar, Emmanuel Nwosu, Joseph Curay Teneda