U.S. Push for Reducing Britain’s Automotive Tariff
(Reuters) – The United States aims for Britain to reduce its automotive tariff from 10% to 2.5%, as reported by The Wall Street Journal on Tuesday, citing sources familiar with a draft document from President Donald Trump’s administration.
British Finance Minister Rachel Reeves is set to meet Treasury Secretary Scott Bessent this week to advocate for a favorable trade agreement with Washington that may lower or eliminate tariffs imposed by Trump on UK exports.
Washington is formulating its terms for trade negotiations, targeting London to decrease levies and non-tariff barriers on various goods. Additionally, the Trump administration is pushing for more lenient rules on U.S. agricultural imports, including beef.
Trump enacted a 10% tariff on most imports from Britain, alongside a 25% tariff on key sectors like cars and steel.
It’s uncertain whether the U.S. will consider lowering its 10% tariff if London complies with all the U.S. trade requests, according to the Journal.
White House spokesman Kush Desai stated, “The administration’s trade and economic team is working at breakneck speed to negotiate custom-tailored deals with our major trading partners. Any final decisions and agreements will come from President Trump and President Trump only,” when asked about the report.
Downing Street did not immediately respond to Reuters’ request for comment.
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06:09 - 23/04/2025
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04:22 - 23/04/2025
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