Overview

• The agreement cuts US duties on the first 100,000 British car imports to 10% from 25% annually.
• British aerospace exports will enter the US market tariff-free once the deal comes into force later this month.
• Steel exports remain subject to a 25% levy and aluminum tariffs are unresolved as negotiators work on final terms.
• Commerce Secretary Howard Lutnick is tasked with setting quotas for metal imports exempted from existing duties.
• Both leaders said the tariff reductions will support job creation and strengthen economic ties under Britain’s post-Brexit strategy.