this post was submitted on 09 May 2025
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Economics

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Trump cuts tariff on UK cars; American carmakers not happy about it (arstechnica.com)
submitted 2 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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The UK is allowed to export 100,000 cars a year to the US at the lower rate.

The British car industry got a big break from Donald Trump yesterday afternoon. Trump and UK Prime Minister Kier Starmer have agreed to a bilateral trade agreement that cuts tariffs on a range of imports from the UK, including pharmaceuticals, aluminum and steel, and cars.

Now, the first 100,000 cars that come to the US from the UK will only be subject to a 10 percent tariff rather than the 27.5 percent they have been under since the start of this trade war in April.

Not everyone is as pleased as the UK car industry, however. The big three in Detroit—Ford, General Motors, and Stellantis—are upset that mostly luxury cars from Britain get a break while they have no relief on the cars they build abroad for sale here in the US.

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[–] GandalftheBlack@feddit.org 11 points 2 months ago

Fahrt of the deal

[–] shawn1122@lemm.ee 9 points 2 months ago* (last edited 2 months ago)

Good they should pressure their government for a similar exemption on cars they make in Canada and Mexico.

🥭 is less a dealmaker and moreso someone that wants to appear as a dealmaker.

[–] PhatalFlaw@lemmy.world 7 points 2 months ago

This primarily benefits the wealthy, so it makes a lot of sense.