President Trump has announced progress toward a trade agreement with the United Kingdom, following discussions with UK Prime Minister Keir Starmer. While the White House has released a fact sheet highlighting broad outlines of the proposed deal, no official agreement or detailed terms have been published, and negotiations remain ongoing.
According to the fact sheet, the UK is expected to reduce or eliminate a range of non-tariff barriers, with specific benefits anticipated for US agricultural exports. However, the current reciprocal tariff rate of 10 percent on all UK-origin products remains unchanged.
The fact sheet also references potential alternative arrangements concerning the Section 232 tariffs specific to UK automotive imports. Under the reported framework, a quota system may be implemented—where imports within the quota would continue to face the 10 percent tariff, and imports exceeding the quota could be subject to a 25 percent rate. Talks are also continuing regarding general Section 232 tariffs on steel and aluminum.
While these developments seem to indicate the US administration’s openness to pursuing targeted negotiations, the lack of a finalized agreement means that key tariffs remain in effect as discussions move forward.
We will continue to monitor these developments and provide updates as they become available. Reach out to Mohawk Global Trade Advisors for expert insight on how to navigate these tariff updates.