The United Kingdom and the United States have announced a historic trade deal aimed at saving thousands of jobs for British carmakers and steel industry workers. This landmark agreement marks a significant milestone in the economic relationship between the two nations, showcasing their commitment to mutual economic benefit. The deal includes slashing US tariffs on UK cars from 27.5% to 10% and eliminating tariffs on steel and aluminum imports from the UK. This move is expected to benefit major British industries, including Jaguar Land Rover, which will save hundreds of millions of dollars annually.
The UK steel industry, which was on the brink of collapse just weeks ago, will now have access to a zero-tariff quota, saving thousands of jobs in Scunthorpe and other areas. Additionally, the deal allows for increased market access for UK farmers, with protections on food standards maintained, and UK farmers will benefit from a quota for 13,000 metric tonnes of beef exports to the US. The agreement also opens the way to a future UK-US technology partnership, through which science-rich nations will collaborate in key areas of advanced technology.
Prime Minister Keir Starmer emphasized that the deal protects thousands of British jobs in key sectors like car manufacturing and steel, while US President Donald Trump highlighted the agreement’s potential to boost American exports, particularly in agriculture. This historic deal is seen as a significant step in strengthening the economic partnership between the US and the UK, with both nations committed to working constructively for mutual benefit.
