Trump formalizes tariff cuts for U.K. as trade talks continue

From nbcnews.com

President Donald Trump signed an agreement Monday formally lowering some tariffs on imports from the United Kingdom as the countries continue working toward a formal trade deal. Trump lowered tariffs on the U.K. aerospace sector to zero, which will take effect by the end of the month according to the U.K. Department for Business and Trade. The document also lowers tariffs on U.K. auto imports to 10% on the first 100,000 vehicles, according to the White House. Previously vehicles imported from Great Britain faced a 27.5% duty. However, the agreement does not lower steel tariffs to zero as the two leaders agreed in ... (full story)