U.S. and UK reach trade deal, auto tariff reduced to 10%

On May 8, U.S. President Trump and UK Prime Minister Starmer announced what will be the first trade deal done with the U.S. since ”Liberation Day” and the imposition of a 10% across-the-board import tariff, which stays in place even after other tariffs are reduced.
Under the deal, the combined 27.5% tariff currently ....

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