Donald Trump slashes auto tariffs to 10% for UK in major victory for car manufacturers
President Donald Trump has confirmed that he will be cutting the 25 per cent tariff on vehicle imports from the UK to just 10 per cent in a major trade announcement.
Speaking in the White House this afternoon, President Trump outlined that the US would be reducing auto tariffs on the United Kingdom down to just 10 per cent.
US Secretary of Commerce Howard Lutnick confirmed that the UK could send 100,000 cars to the US at a tariff rate of just 10 per cent.
He said this would protect American jobs and back British industries at a testing time for industries across the country.
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Donald Trump and Keir Starmer announced changes to the automotive tariffs
PA/GB NEWS
The reduction to 10 per cent is believed to form part of a 12-month “temporary arrangement” in a big win for Prime Minister Keir Starmer.
Cars are the single largest commodity exported from the UK to the US, worth a total value of £9billion, with 102,000 being sent to the US last year.
The new tariffs will save “hundreds of million of pounds a year” for Jaguar Land Rover since the US is one of its largest trade partners.
Adrian Mardell, CEO of Jaguar Land Rover, said: “The car industry is vital to the UK’s economic prosperity, sustaining 250,000 jobs. We warmly welcome this deal which secures greater certainty for our sector and the communities it supports.
Jaguar Land Rover previously paused deliveries to the US after President Trump’s tariff announcement
GETTY
“We would like to thank the UK and US Governments for agreeing this deal at pace and look forward to continued engagement over the coming months.”
Sir Keir Starmer spoke on the phone with President Donald Trump this afternoon as the Prime Minister prepares to host a press conference at the Jaguar Land Rover factory in Halewood, West Midlands later today.
Trump confirmed that the final details would be confirmed in the coming weeks, adding that it was “so good” for both countries.
Donald Trump has made tariffs the focus of his economic agenda REUTERS