Department for Business and Trade announces UK-US tariff and quota changes
The Department for Business and Trade (DBT) has announced multiple tariff modifications under the UK-US trade agreement, to be implemented by end-June 2025. Changes include the complete removal of aerospace sector tariffs, reduction of automotive export tariffs from 27.5% to 10%, and exemption from the global 50% tariff on steel and aluminium. The agreement establishes reciprocal beef quotas of 13,000 metric tonnes for both nations, with implementation details pending Parliamentary update. The DBT confirms all US beef imports must meet existing UK food safety standards. Additional provisions regarding pharmaceutical sector preferential treatment remain under negotiation.