British officials are optimistic the US will start lifting tariffs on British cars, steel, and aluminium this week, following a meeting between UK Trade Secretary Jonathan Reynolds and US Commerce Secretary Howard Lutnick in London. The goal is to secure a proclamation from Donald Trump to kickstart the implementation of a trade agreement announced last month, which promises reduced tariffs for British industries.
British officials hopeful that US will start lifting car tariffs this week
Trade policyTariffsTrump tariffsAutomotive industryBusinessDonald TrumpWorldLabourJonathan ReynoldsUnited StatesPoliticsUKSteel industry
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British officials are optimistic the US will start lifting tariffs on British cars, steel, and aluminium this week, following a meeting between UK Trade Secretary Jonathan Reynolds and US Commerce Secretary Howard Lutnick in London. The goal is to secure a proclamation from Donald Trump to kickstart the implementation of a trade agreement announced last month, which promises reduced tariffs for British industries.
Trending- 1 Last month: Donald Trump and Keir Starmer announced a 'historic' trade agreement.
- 2 Two weeks ago: Trump doubled US tariffs on steel and aluminium to 50% but kept UK at 25% until July 9.
- 3 Tuesday: Jonathan Reynolds to meet Howard Lutnick in London.
- 4 This week: UK officials hopeful US will begin lifting tariffs, aiming for a proclamation from Trump.
- 5 July 9: Deadline for full implementation of the deal.
- Reduced import taxes for British industries
- Potential boost to UK exports (especially cars)
- Resolution of trade tensions
- Potential challenges regarding origin of steel products (e.g., Tata Steel)
What: British officials are hopeful the US will begin lifting tariffs on British cars, steel, and aluminium this week, following a meeting between UK Trade Secretary Jonathan Reynolds and US Commerce Secretary Howard Lutnick. This is part of implementing a trade agreement previously announced by Donald Trump and Keir Starmer.
When: This week (following Tuesday's meeting), implementation expected to begin in coming days. Agreement announced last month. Deadline for full implementation is July 9.
Where: London, United Kingdom, United States.
Why: To implement a trade agreement between the UK and US aimed at reducing US import taxes on British cars, steel, and aluminium, providing relief for key British industries.
How: Through a meeting between trade secretaries, followed by a proclamation from Donald Trump, and enforcement by the US Commerce Department. Tariffs on cars are expected to be reduced first due to less complexity.