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2d ago

U.S.-U.K. Trade Deal Cuts Tariffs on British Luxury Cars to 10%

The agreement includes targeted benefits for high-end automakers like Rolls-Royce and Bentley, expanded U.S. agricultural exports, and streamlined customs for American goods.

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Overview

  • The U.S. has lowered tariffs on British car imports from 25% to 10%, with specific focus on luxury brands such as Rolls-Royce, Bentley, and Jaguar.
  • President Trump stated the tariff reductions reflect the unique, small-scale production of these luxury automakers, which are not competing with mass-market U.S. car manufacturers.
  • The U.K. exports approximately 100,000 cars annually to the U.S., and the agreement is expected to safeguard tens of thousands of jobs in the British auto industry.
  • The deal also boosts U.S. agricultural exports by reducing U.K. non-tariff barriers and fast-tracking American goods through customs processes.
  • While the agreement is still being finalized, Trump emphasized that similar tariff reductions for other countries will be rare, aligning with his broader high-tariff trade strategy.