UK-US Trade Agreement Boosts Automotive and Aerospace Sectors

The UK-US trade agreement, now in force, delivers significant tariff reductions for British automotive and aerospace exports. American levies on UK car exports drop from 27.5% to 10%, while aircraft engines and parts face no tariffs—a MOVE that strengthens the competitive position of manufacturers like Rolls-Royce.

Prime Minister Keir Starmer calls the deal "historic," emphasizing its role in safeguarding jobs and revitalizing export growth. The UK stands alone in securing this preferential arrangement with the US, marking a diplomatic and economic triumph.

Business and Trade Secretary Jonathan Reynolds highlights the annual savings of hundreds of millions for key industries, with car exports benefiting from reduced rates and aerospace goods gaining tariff-free access. Industry leaders broadly welcome the agreement.