Donald Trump removes the 25% tariff on UK steel and aluminium, and immediately cuts the rate on most car exports from 27.5% to 10%, the BBC reports.
The lower car rate applies to the first 100,000 vehicles exported from the UK to the US each year – 101,000 were exported last year.
In return, the UK government says it’s removing the tariff on ethanol for US goods, and agrees “reciprocal market access on beef.”
UK PM Keir Starmer called it a “fantastic, historic” day, as he joined the Oval Office news conference via phone.
The 10% tariff, announced on Trump’s “Liberation Day” last month, still applies to most other UK goods entering the US.
Conservative leader Kemi Badenoch says the UK has been “shafted.”
