Britain starts implementing trade agreement with the United States by reducing tariffs on its exports

The United Kingdom announced today, Monday, June 30, the entry into force of the trade agreement signed between it and the United States, which provides for a reduction in tariffs on a number of British goods exported to the American market. The agreement came after talks between British Prime Minister Keir Starmer and U.S. President Donald Trump.

According to an official statement issued by the British government, car manufacturers in the United Kingdom will now be able to export their products to the United States with reduced customs duties of 10%, down from 27.5%. Tariffs of 10% on other goods, including aircraft engines and parts, have also been completely eliminated, in line with the details announced earlier this month.

However, the statement indicated that negotiations are still ongoing regarding the tariffs imposed on British steel and aluminum imports, despite London being exempt from the 50% tariff increases imposed by Washington on other countries during the current month. The British government warned that failure to reach an agreement could lead to new increases on these products starting from July 9.

The statement concluded by reaffirming the United Kingdom's commitment to "completely eliminate tariffs on basic steel products, as previously agreed."