US and UK Reach Trade Agreement, Steel Import Dispute Remains Unsettled

The US and UK signed a limited trade agreement reducing tariffs on cars and aerospace, though unresolved steel and aluminum issues could trigger higher tariffs if unmet by July 9.

The agreement includes a 100,000-unit annual car export quota at 10% tariffs and removes tariffs on UK aerospace parts; pharmaceuticals and other sectors remain under discussion.

Both nations hailed the deal as a major step forward, while the US set conditions for steel and aluminum quotas tied to security assurances; further negotiations are expected on outstanding issues.