With UK deal, US signals that 10% tariff on world is new baseline

(Image: Getty)

Fri, 09 May 2025

By Greg IpIf anyone deserved a good trade deal with the US, it was Britain. It actually runs a trade deficit with the US, buys a lot of manufactured US products, spends plenty on its own defence, and has a leader whom President Trump likes.And yet the agreement announced Thursday was, for Britain, a bad deal, not a good deal. Its exports to the US will now face a minimum tariff of 10%, up from less than 2% in 2023, with some exceptions, such as for steel and jet engines. Exports of autos above 100,000 units will face a 25% tariff. Bri...

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