Business & Economy

Trump cuts tariffs on U.K. cars, steel and aluminum but keeps 10% base duty

President Donald Trump, center, with from l-r., Commerce Secretary Howard Lutnick, Vice President JD Vance, and Britian's ambassador to the United States Peter Mandelson, making remarks on a trade deal between U.S. and U.K. in the Oval Office of the White House, on May 8, 2025, in Washington.

President Donald Trump, center, with from l-r., Commerce Secretary Howard Lutnick, Vice President JD Vance, and Britian’s ambassador to the United States Peter Mandelson, making remarks on a trade deal between U.S. and U.K. in the Oval Office of the White House, on May 8, 2025, in Washington.

Evan Vucci—AP

https://fortune.com/img-assets/wp-content/uploads/2025/05/AP25128594555652-e1746777775720.jpg?resize=1200,600

2025-05-09 08:05:03

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