UK could lower US car tariffs in push for trade deal, Reeves signals

Chancellor Rachel Reeves has signalled the UK could lower tariffs on US car imports as she tries to broker a trade deal with the Trump administration.
Reeves said she wants “to see tariff and non-tariff barriers reduced between the UK and the US”.
The UK is seeking to lower trade taxes imposed by President Donald Trump of 25% for cars, steel and aluminium and 10% on other British exports.
One of the sticking points for a trade deal in the past has been food standards, but Reeves said the UK would not be reducing these.
The signal from the Chancellor on reducing UK levies on US cars comes after a US consultation document suggested the US will push for the taxes to be lowered from 10% to 2.5%.

Source: BBC | Language: English