Trump Sets 10% Minimum Tariff on UK Exports – With Some Goods Exempted

The flurry of trade deals is being made under the Trump administration’s declaration of a national economic emergency.

The US will levy a minimum tariff of 10% on items from the UK, according to the latest round of negotiations between the Trump administration and international partners. The announcement comes at a time when businesses are bracing for economic impacts and stockpiling goods in the US ahead of massive tariff increases.

Steel, aluminum, and jet engines are exempt

“The deal includes billions of dollars of increased market access for American exports,” President Donald Trump said on May 8.

In addition to the negotiated amount of 10%, the UK will loosen restrictions on US beef and ethanol. Some goods, including steel, aluminum, and jet engines, will be exempt. Car companies selling more than 100,000 units will see a 25% tariff; cars in the first 100,000 units ...