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Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed
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A supervisor’s call came to the steel floor in Sheffield, England, on Thursday afternoon: tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near the piles of steel slabs that still radiate heat waves from the mill. In a trade agreement with Britain announced with a lot of fanfare on Thursday, President Trump agreed to lift the 25 percent tariffs on steel that had posed a terrible threat to Britain’s fighting indus…
Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed
British carmakers and manufacturers have welcomed the newly signed UK-US trade deal, which includes a significant reduction in tariffs on automotive and steel exports, offering long-awaited relief to key industrial sectors. The agreement — the first struck under President Trump’s renewed trade agenda — eliminates proposed American tariffs of 27.5% on British steel and reduces car tariffs to 10%, covering up to 100,000 UK car exports annually. Ho…
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