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Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain

  • On May 8, 2025, U.S. President Donald Trump announced a planned trade deal with Britain in Washington to cut tariffs on autos, steel, and aluminum.
  • The agreement follows years of negotiations that resumed during Trump's recent term after Brexit allowed the U.K. To independently negotiate trade outside the EU.
  • The deal reduces British car export tariffs from 27.5% to 10% on 100,000 vehicles and removes steel and aluminum tariffs from 25% to zero, while preserving UK food standards.
  • Trump called this a "breakthrough trade deal" and said the U.K. Would join the first "economic security alignment" with the U.S., while Starmer hailed it a "historic day".
  • The deal provides a political win for Starmer, promises to protect thousands of jobs, and signals further trade talks, though key terms remain incomplete and global trade tensions continue.
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https://www.cryptela.com broke the news in on Tuesday, May 6, 2025.
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