UK US Trade Deal: Here’s what changes today

London – USA-US Trade Trade will be played on Monday, giving the priority rate to British cars imported to America, and the questions last the last rates in the UK metal exports.

Back in MayThe United Kingdom became the first country to negotiate a trade agreement with the United States months since Donald Trump presented his mutual rates. The terms of the agreement are effective from 30 June.

Under the agreement, it is a 10% sheets of goods imported in the United States.

It will also see the first 100,000 vehicles sold in the UK to expose 10% fare each year. Vehicles sent to the US will receive a 25% import duty.

According to image Exposed to the body of car trading, motor manufacturers and traders’ society (SMMT) exported around 102,000 cars manufactured in Britain last year.

Mike Hawes, the General Manager of SMMT said the agreement on the Monday “who export to that critical market company in the UK.”

“Immediately, he immediately connects punitive fits that stopped the US export market and threatened the viability of some of the most famous British manufacturing names,” said in a statement.

The US has Trade surplus in goods With Britain, it means exporting more than UK imports. They are cars The largest export of the United Kingdom To the United States, it is the leader of British cars around us worldwide. Last year, 27.4% of all UK car exports were sent to America.

The fare range of 10% is significantly lower due to vehicles imported from other trading partners.

Britain is the only nation currently with Priority 25% rate rate Its steel and aluminum exports compared to the US, 50% larger, with 50% greater than American trade, two nations have spoken to reduce steel rates. The fourth largest export market in the US is British iron and steel.

Government of the United Kingdom celurbill Monday, “we will continue and move on and move on to the basic steel products agreed to 0%.”

But negotiations on steel tariffs have been “melted and thrown” rules, about steel imports, Jon Carruthers-green, according to the Steel Market market analyst, MEPS INTERNATIONAL. The guidance entered under the previous administration and categorized only a product as the UK is produced, if melted and flows in Britain.

It is not the case since many of the most finished products, and are finished in the most important Lata Steel Workshops in Wales, sources from other plants such as India and the Netherlands.

“Tata has the final decision and they will not stop taking this material from other places, so if the only way to get out of that (UK) is considered to be another country or other industry,” said Carruther-Green.

Trump’s initial fare ads caused an instant jump at US steel prices, even after lifting, after paring profits.

“Asia and Europe are being excessive with depressed prices … It means that in Europe that the steel industry is actually struggling,” Carruther-Green said.

On Monday, the UK Prime Minister Keir Starmer named “historical” commercial agreement “Our key economy will be the key industries” and to protect jobs.