Manufacturing

Trump heralds ‘breakthrough’ tariff deal with UK

A red plug-in hybrid SUV.
Jaguar Land Rover paused shipments to the U.S. for a month. (JAGUAR LAND ROVER)
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By:
Reuters
May 08, 2025 03:53 PM

LONDON/WASHINGTON — President Donald Trump and British Prime Minister Keir Starmer on May 8 announced a “breakthrough deal” on trade that leaves in place a 10 percent tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.8 percent from 5.1 percent and provide greater access to U.S. goods.

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