In a significant development for international trade relations, US President Donald Trump and UK Prime Minister Sir Keir Starmer have announced a ground-breaking trade agreement between the United States and the United Kingdom. The deal, finalised after months of negotiations, marks a pivotal moment in bilateral relations following the UK’s exit from the European Union.
Key sectors benefiting from the deal include technology, finance, and agriculture, with provisions aimed at boosting trade volumes and fostering economic growth on both sides of the Atlantic.
Below is our summary of the key take aways from the trade deal:
Steel & Aluminium Relief
The US has lifted 25% tariffs on UK steel and aluminium. Under the plan, the UK will “promptly” begin work to meet the United States’ requirements for securing supply chains of steel and aluminium products.
Automotive Industry Boost
UK car exports to the US (up to 100,000 vehicles) will now face a 10% tariff — down from 27.5%. Spare arts get special trade treatment too as part of the deal.
Agricultural Access
Both the US and UK’s agriculture sectors will gain new access to one another’s markets under the deal.
- UK beef enters the US tariff-free for the first time (13,000-tonne quota)
- US farmers will gain new access to the UK market, with British tariffs on beef—previously as high as 125% in some cases—reduced to zero for a quota of 13,000 tonnes.
- UK will remove tariffs on 1.4 billion litres of ethanol
Pharma, Digital & Security Cooperation
Ongoing negotiations aim to deliver preferential terms on pharmaceuticals, and ambitious frameworks for digital trade and investment security.
To speak to someone about this update please contact our Customer Relationship Management team today on 01375 856060 or email crmteam@ugroup.co.uk.