<ul><li>UK and US announce a trade agreement to reduce car tariffs from 27.5% to 10%, marking the first deal of its kind.</li><li>The UK car imports will have a lower tariff than cars from other countries if the agreement is finalized, with a quota of 100,000 cars annually.</li><li>Many UK automakers suspended US exports due to high tariffs, but are now hopeful with the potential tariff reduction.</li><li>In addition to car tariffs, the US is also removing tariffs on British steel and aluminum in the trade deal.</li></ul>

UK Auto Tariffs Slashed in First Trade Deal With US

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