“We've opened up new market access, ethanol, beef, machinery — all the agricultural products,” Donald Trump said as he announced the deal in the Oval Office.Pool Photo by Francis Chung via EPA

Trump unveils UK deal — with tariff relief for cars and steel – POLITICO

· POLITICO

U.S. President Donald Trump and British Prime Minister Keir Starmer struck a trade pact Thursday to lower the White House's punishing tariffs on the U.K.’s automotive and steel industries.

The agreement leaves in place the president’s 10 percent baseline “Liberation Day” tariffs imposed on U.K. goods imports early last month and opens the door for ongoing negotiations.

But it lowers Trump’s additional 25 percent tariffs on the U.K.’s automotive, steel and aluminum sectors imposed in early April — a benefit to British automakers who produce the U.K.’s single largest goods export to the U.S.