financetom
Business
financetom
/
Business
/
Deal that reduced US tariffs on UK cars and aircraft parts comes into effect
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deal that reduced US tariffs on UK cars and aircraft parts comes into effect
Jun 29, 2025 10:13 PM

June 30 (Reuters) - The trade deal signed between U.S.

President Donald Trump and British Prime Minister Keir Starmer

lowering some tariffs on imports from Britain has come into

effect, the British government said on Monday.

British car manufacturers will now be able to export to the

U.S. under a reduced 10% tariff quota from an earlier 27.5%,

while the current 10% tariffs were fully removed for goods like

aircraft engines and aircraft parts, the statement said,

reiterating details announced earlier in June.

However, the issue of steel and aluminum tariffs remains

unresolved.

Britain has avoided tariffs of up to 50% on steel and

aluminum that the U.S. imposed on other countries earlier this

month, but it could face elevated tariffs starting July 9 unless

a deal is reached.

"... we will continue go further and make progress towards

0% tariffs on core steel products as agreed," the British

statement added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: JPMorgan Chase Sees Key Credit Team Departures in Hong Kong
Market Chatter: JPMorgan Chase Sees Key Credit Team Departures in Hong Kong
Aug 14, 2025
03:02 PM EDT, 08/14/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) has seen the recent departure of two credit traders and its head of credit sales in Hong Kong, Bloomberg reported Thursday, citing people familiar with the situation. Edward Wong, head of Hong Kong credit sales, and trader Bosco Leung resigned this month, while another trader, Edward Marsh, departed...
Market Chatter: Bank of Nova Scotia Downsizes Investment Bank Divisions in US, Asia Pacific
Market Chatter: Bank of Nova Scotia Downsizes Investment Bank Divisions in US, Asia Pacific
Aug 14, 2025
03:05 PM EDT, 08/14/2025 (MT Newswires) -- Bank of Nova Scotia ( BNS ) downsized its workforce at its US and Asia Pacific investment banking divisions, Bloomberg reported late Wednesday, citing people familiar with the matter. The layoffs included cuts to the US health care team, including several managing directors, according to the report. Bank of Nova Scotia ( BNS...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Market Chatter: Peloton Interactive to Upgrade Products With New Hardware, AI
Market Chatter: Peloton Interactive to Upgrade Products With New Hardware, AI
Aug 14, 2025
03:08 PM EDT, 08/14/2025 (MT Newswires) -- Peloton Interactive ( PTON ) is planning to upgrade its products with new hardware, accessories and AI, Bloomberg reported Thursday, citing sources with knowledge of the matter. A product launch, scheduled to take place as soon as October, will feature an updated bike, a treadmill, new branded peripherals, an integrated AI platform, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved