The U.S. and U.K. have reached a trade agreement involving tariffs and market access, marking the first deal from the Trump administration since the announcement of global reciprocal tariffs. The U.S. will keep a 10% tariff on U.K. imports, while the U.K. will reduce tariffs on U.S. goods significantly. The agreement also includes matching steel and aluminum tariffs, and U.K. automotive imports will face additional duties after reaching quotas. Furthermore, the deal is expected to provide $5 billion in additional market access for U.S. agricultural products and machinery.

Source: https://www.supplychaindive.com/news/us-trade-deal-uk-tariffs-donald-trump/747521/