US and UK Reach Trade Deal Including Automotive Steel and Aluminum Clauses

Published: Jun 17, 2025 09:17
[US and UK Reach Trade Agreement Terms, Including Import Car Quotas and Steel and Aluminum Tariffs]
According to CCTV News, on June 16 local time, the US White House issued a statement indicating that US President Trump and UK Prime Minister Starmer jointly announced the general terms of a trade agreement.
It is reported that under the general terms, the US plans to set an annual quota of 100,000 units for UK car imports, with a tariff rate of 10%. The UK has committed to making efforts to meet the US requirements regarding the security of the supply chain for steel and aluminum products exported to the US, as well as the nature of ownership of relevant production facilities. On the premise that the UK meets these requirements, the US plans to promptly set "most-favored-nation" tariff quotas for steel and aluminum products produced in the UK, as well as certain derived steel and aluminum products.
In addition, both sides have committed to strengthening the supply chain for aerospace and aircraft manufacturing by establishing duty-free bilateral trade for certain aerospace products. The US has abolished the tariffs imposed on the UK's aerospace industry under three previous executive orders.

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