UK autos spared under U.S. tariff cut but steel still in question
51d ago
Business
CNBC
The UK's automotive industry has been spared from new U.S. tariffs following a deal struck with the White House after President Trump's unveiling of reciprocal tariff plans. This agreement marks the UK as the first nation to secure such a deal with the U.S. under the new tariff regime. However, the status of UK steel exports to the U.S. remains uncertain, indicating that not all sectors have been granted relief. Further negotiations are likely needed to resolve the steel issue and ensure comprehensive trade protection for British industries.