UK Car Shipments to US Surge as Trade Deal Cuts Tariffs

Shiploads of Minis, Aston Martins, and Range Rovers will sail to the US as the UK-US trade deal takes effect. British farmers feel they were used to save the car industry.

Auto shipments to the US dropped by over half in May due to a 25% tariff imposed by Trump. The tariff is now reduced to 10% for cars.

Aston Martin's CEO mentioned a pause in shipping but expects pent-up demand. The trade deal was agreed in early May but faced delays in implementation.

The business secretary received assurances from Lotus to keep its UK factory open. The UK government aims to support the automotive sector.

The US-UK trade deal prevented job losses at JLR. However, the lower duty applies to a limited quota of cars.

Concessions include tariff-free quotas for beef and removal of a 19% tariff on American ethanol imports.

The National Farmers' Union urges to stop using agriculture as a bargaining chip. Farmers can sell British beef to the US next year.

The UK steel industry faces tariffs but hopes for a resolution soon. Port Talbot may face challenges even with a zero-tariff deal.

According to the source: The Guardian.