UK auto tariff cut comes into effect


Photo by Justin TALLIS / AFP

LONDON: UK car manufacturers can export to the United States under a 10% tariff, a reduction from the 25% rate imposed by Donald Trump on other countries, as the first elements of an economic agreement between the US president and Prime Minister Keir Starmer come into effect.

British aerospace companies like Rolls Royce Holdings plc also saw 10% tariffs on goods, including engines and aircraft parts, slashed to zero yesterday.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
UK , tariffs , Trump , export

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read