The UK is allowed to export 100,000 cars a year to the US at the lower rate.
The British car industry got a big break from Donald Trump yesterday afternoon. Trump and UK Prime Minister Kier Starmer have agreed to a bilateral trade agreement that cuts tariffs on a range of imports from the UK, including pharmaceuticals, aluminum and steel, and cars.
Now, the first 100,000 cars that come to the US from the UK will only be subject to a 10 percent tariff rather than the 27.5 percent they have been under since the start of this trade war in April.
Not everyone is as pleased as the UK car industry, however. The big three in Detroit—Ford, General Motors, and Stellantis—are upset that mostly luxury cars from Britain get a break while they have no relief on the cars they build abroad for sale here in the US.
Fahrt of the deal
Good they should pressure their government for a similar exemption on cars they make in Canada and Mexico.
🥭 is less a dealmaker and moreso someone that wants to appear as a dealmaker.
This primarily benefits the wealthy, so it makes a lot of sense.
Lol! “America First” clearly doesn’t mean the same thing to Trump, that it does to the rest of us.
