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UK Presses to Cut Trump’s 10% Tariffs, Pursues AI Partnership With US

Mandelson told the Atlantic Council that talks will focus on reducing reciprocal duties through enhanced economic security cooperation

Overview

  • Peter Mandelson confirmed ongoing negotiations to lower the 10% baseline tariffs that remained after the May trade deal on cars, steel and aluminium.
  • London and Washington have agreed to address both reciprocal duties and non-tariff barriers to strengthen bilateral trade ties beyond sector-specific cuts.
  • The two governments are aiming to leverage their existing agreement as a springboard for deeper collaboration on artificial intelligence to counter China’s technological ambitions.
  • Mandelson called for a reinvention of the transatlantic alliance and urged Europe to boost its defence spending after decades of reliance on US security guarantees.
  • The UK has also finalized a ‘reset’ deal with the EU to streamline post-Brexit trade and security cooperation without edging back toward full membership.