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US formalizes auto imports quota for UK

From argusmedia.com

A US-UK trade deal formalized today establishes a quota for UK-made cars to be imported into the US and lifts tariffs on aircraft parts but glosses over an earlier promise to carve out quotas for UK-sourced steel and aluminum. US president Donald Trump and UK prime minister Keir Starmer unveiled the finalized agreement today, on the sidelines of the G7 summit in Alberta, Canada. Both leaders offered praise for the deal — Trump called the countries' relationship "fantastic" and Starmer said it was a "really important day". While details are few, the agreement limits the number of UK-built cars that can be imported into ... (full story)

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  • Category: Fundamental Analysis