Trump Slashes UK Tariffs by 60% in Surprise G7 Deal
Trump and Starmer signed a UK tariff cut agreement on Monday at the G7 summit, creating a breakthrough in US-UK trade relations, and it’s also quite significant for both countries right now. This Starmer Trump agreement reduces British car tariffs from 25% down to 10% for the first 100,000 vehicles annually, and it also eliminates aerospace tariffs entirely. The G7 deal provides reduced import costs for key UK industries, though negotiators left steel discussions unresolved at the time of writing. Also Read: Trump’s UK Trade Deal Unlocks $5B in US Exports, Slams China How Trump’s UK Tariff Cuts Impact Trade, Brexit, and Crypto Markets Source: Les Blogs Major Automotive Relief Through Trump UK Tariff Cut Trump’s UK tariff cut specifically targets Britain’s struggling automotive sector, and it comes at a crucial time when manufacturers were facing potential 50% tariffs by July 9th. The Starmer-Trump agreement provides immediate relief for companies like Jaguar Land...