US will slash car tariffs on UK to 10%, steel levies to zero, says UK
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
The US will cut car tariffs on the UK to 10% and eliminate steel levies, as part of a new economic deal, boosting UK exports.
LONDON (Reuters) - Britain's car industry will see U.S. tariffs immediately slashed to 10% from 27.5%, while levies on steel and aluminium will reduce to zero, the British government said on Thursday, as part of an economic deal with the United States.
(Reporting by William James and Sachin Ravikumar, writing by Sam Tabahriti)
The article discusses the reduction of US tariffs on UK cars and the elimination of steel levies as part of an economic deal.
The reduction in tariffs is expected to boost the UK car industry by making exports to the US more competitive.
The British government announced the changes as part of an economic deal with the United States.
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