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Thursday, May 08, 2025
BREAKING: Trump says deal with the U.K. is close, but 10% tariff remains on some items

The U.S. is working toward finalizing a narrow trade deal with the United Kingdom, President Donald Trump said, a small step as the White House pursues an aggressive tariff agenda across the globe.

The agreement will see duties on U.K. car imports reduced from 27.5% to 10%, while tariffs on British steel imports will be dropped. The 10% across-the-board tariff Trump has imposed on all imports into the U.S. will remain in place on some items. In return, the U.K. is lowering trade barriers on U.S. beef imports and ethanol.

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