Historic UK-US Trade Agreement Secures Major Wins for British Automotive Industry

British Prime Minister Keir Starmer unveiled a 'historic' trade deal between the UK and the US at a Jaguar Land Rover plant in England. This significant agreement reduces car export tariffs from 27.5% to 10%, impacting up to 100,000 vehicles, a figure close to total UK exports last year.

Starmer emphasized Britain's commitment to open trade, referencing recent agreements with India and upcoming discussions with the EU. The treaty also benefits other sectors like steel, farming, and will pave the way for a future technology partnership between the UK and the US.

President Donald Trump highlighted the enhanced market access for American exports, especially in the agricultural sector. Negotiations with India for a future trade agreement continue as part of the UK's broader strategy to establish strong international trade relationships.

(With inputs from agencies.)