A trade deal in the United Kingdom: Here is what is changing today

LONDON-The trade deal in the United Kingdom and the United States will be played on Monday, while giving a preferential tariff for British cars imported to America, while the questions remain on the final fees on metal exports in the UK.

Again in MayThe UK has become the first country to negotiate a trade agreement with the United States since White House leader Donald Trump revealed the so -called mutual definitions a month ago. The terms of the agreement are valid from June 30.

Under the deal, a 10 % blanket tariff now applies to British goods imported in the United States.

You will also see the first 100,000 cars sold from the United Kingdom to the United States every year that is subject to a 10 % tariff. Any other vehicles sent to the United States will get import fees of 25 %.

according to Numbers From the Trade Authority with influential cars, the SMMT and the SMM Corps Association was exported, and about 102,000 cars made in Britain were exported to the United States last year.

The United States has Trade surplus on goods With Britain, meaning that it is exported to the UK more than it imports. Cars are The largest export in the United Kingdom To the United States, with the emergence of the United States as the best British car buyer in the world. Last year, 27.4 % of all car exports in the United Kingdom were shipped to America.

The tariff range is 10-25 %, sharply less than 50 % tax on imported vehicles to the United States than other commercial partners.

Britain’s deal in the United States will also remove the duties of the space sector in Britain.

But London is still working to drop the customs tariffs on the main industrial minerals.

While Britain is the only nation that currently has 25 % preferential tariff rate On steel and aluminum exports to the United States, compared to a 50 % more by other American trade partners, the two countries have spoken of reducing the tariff on British steel to 0 %. The United States is the fourth largest export market for British iron and steel.

UK government He said On Monday, “We will continue to go further and make progress towards a 0 % tariff for basic steel products as agreed.”

Also on Monday, UK Prime Minister Kiir Starmer described the “historic” commercial deal as “protecting the main industries that are vital to our economy” and protecting jobs.

Mike Hazi, CEO of SMMT on Monday, said the deal was “a great comfort for the UK car companies, which critically important to this market.”

“It immediately controls the punitive definitions that raised the American export market to a dead end and threatened to keep some of the most famous names in British manufacturing,” he said in a statement.