Car manufacturers exporting to the US will face a 10% tariff quota, down from 27.5%, while the aerospace sector will see a 10% levy removed entirely. Talks are ongoing to secure 0% tariffs on core steel products from the UK. The executive order signed by Mr Trump suggests the US wants assurances on the supply chains for UK steel intended for export, as well as on the “nature of ownership” of production facilities. Sir Keir said: “Our historic trade deal with the United States delivers for British businesses and protects UK jobs. “From today, our world-class automotive and aerospace industries will see tariffs slashed, safeguarding key industries that are vital to our economy.

Source: The Times June 30, 2025 04:18 UTC