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U.S.-UK Trade Deal Is A Very Good Thing for British Automakers

  • President Donald Trump and British Prime Minister Keir Starmer have reached a trade agreement to reduce tariffs on British cars, benefiting automakers like Jaguar Land Rover, Rolls-Royce, and Bentley.
  • The deal lowers tariffs on British cars from 27.5 percent to 10 percent, allowing British automakers to export up to 100,000 vehicles at the reduced rate.
  • However, some models like the Discovery and Defender, built in Slovakia, are still subject to the higher 27.5 percent tariff.
  • The agreement also includes benefits for British metal imports, potentially preventing an industry collapse.

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