Headlines
US will slash car tariffs on UK to 10%, steel levies to zero, says UK
US will slash car tariffs on UK to 10%, steel levies to zero, says UK
Published by Global Banking and Finance Review
Posted on May 8, 2025
Published by Global Banking and Finance Review
Posted on May 8, 2025
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)
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