UK Aerospace Exports to Enter Tariff-Free; 10% Tariff on Steel, Cars, Other Goods
President Donald Trump said at a press conference May 8 that Rolls-Royce engines and other British aerospace exports will enter duty-free, but the 10% tariffs on British goods will remain in place on all other goods under a tariff deal with the U.K.
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British steel will no longer face 25% Section 232 tariffs, Trump said, but a graphic that he posted on Truth Social said steel and aluminum will be subject to a "Steel & Aluminum Trading Union" that includes "tariffs + quotas." During the press conference, Trump said 10% tariff treatment for U.K. steel was dependent on the U.K. using quotas and tariffs on its own imported steel.
The U.S. also agreed that 100,000 British cars may enter under a 10% tariff annually, Trump said.
No date for the change was announced.