UK-US trade deal announced: US cuts tariffs on UK car imports to 10%

Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?

Keir Starmer speaking at press conference to discuss the UK-US trade deal following Donald Trump's tariffs.
Keir Starmer and Donald Trump have announced a UK-US trade deal.
(Image credit: Alberto Pezzali - WPA Pool/Getty Images)

The United States has agreed a trade deal with the UK – with tariffs on some car imports having been cut to 10% – but hopes tariffs would be lifted on most British goods imported to the US have been dashed.

Currently, most goods imported to the US from the UK face 10% tariffs, with higher rates on steel, aluminium, and cars. The UK also charges tariffs on some US goods.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites