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Trump cuts tariff on UK cars; American carmakers not happy about it

  • US President Donald Trump and UK Prime Minister Kier Starmer have agreed to a bilateral trade agreement that cuts tariffs on imports from the UK, including cars.
  • The deal reduces the tariff on the first 100,000 cars imported from the UK to the US from 27.5% to 10%.
  • Jaguar Land Rover CEO Adrian Mardell welcomed the deal, stating that it secures greater certainty for the UK's car industry that sustains 250,000 jobs.
  • American carmakers are not happy about the tariff cuts on UK cars, expressing concerns about the impact on their own industry.

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