President Donald Trump, center, with from l-r., Commerce Secretary Howard Lutnick, Vice President JD Vance, and Britian's ambassador to the United States Peter Mandelson, making remarks on a trade deal between U.S. and U.K. in the Oval Office of the White House, Thursday, May 8, 2025, in Washington. (AP Photo/Evan Vucci)
The new US-UK trade deal slashes tariffs on British steel to zero, cuts car export duties from 27.5% to 10% for up to 100,000 vehicles, and scraps ethanol tariffs among other compromises.
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