US and UK announce mutual tariff cuts in certain industries

US President Donald Trump and British Prime Minister Keir Starmer signed an official agreement to lower tariffs on imports from the United Kingdom. However, the issue of duties on steel and aluminum remains unresolved, as reported by Reuters.

Starmer called the agreement positive for both countries, noting an improvement in their relations. The US plans to introduce a quota on steel and aluminum imports from the United Kingdom, exempting them from 25% tariffs, provided the UK can demonstrate the security of its supply chains and production capacities.

Additionally, the agreement establishes a quota of 100,000 vehicles for British automakers with a customs rate of 10%, and eliminates tariffs on aerospace products.

The United Kingdom is the first country to reach a deal with Trump to reduce tariffs. In turn, the UK has committed to cutting duties on American beef and ethanol.