Lutnick Says Auto Deal Good for Both U.S. and U.K. -- WSJ

Dow Jones05-08

By Tali Arbel and Max Colchester

Commerce Secretary Howard Lutnick said the U.K. automakers will pay a 10% tariff on 100,000 cars sent to the U.S. rather than the 25% tariff for imported vehicles and car parts. It's a tiny percentage of the U.S. auto industry but important for the United Kingdom, he said.

"That protects their car industry," he said. "For the U.K. auto people, this is tens of thousands of jobs."

The U.K. government said tariffs on automobiles will be reduced from 27.5% to 10%. This will apply to a quota of 100,000 U.K. cars. Washington will also cut tariffs on U.K. steel to zero from 25%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 08, 2025 11:21 ET (15:21 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2533130124?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-08 23:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2533130124","market":"us","top_or_hot":-1,"title":"Lutnick Says Auto Deal Good for Both U.S. and U.K. -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Tali Arbel and Max Colchester \n</p>\n<p>\n     Commerce Secretary Howard Lutnick said the U.K. automakers will pay a 10% tariff on 100,000 cars sent to the U.S. rather than the 25% tariff for imported vehicles and car parts. It's a tiny percentage of the U.S. auto industry but important for the United Kingdom, he said. \n</p>\n<p>\n     \"That protects their car industry,\" he said. \"For the U.K. auto people, this is tens of thousands of jobs.\" \n</p>\n<p>\n     The U.K. government said tariffs on automobiles will be reduced from 27.5% to 10%. This will apply to a quota of 100,000 U.K. cars. Washington will also cut tariffs on U.K. steel to zero from 25%. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 11:21 ET (15:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lutnick Says Auto Deal Good for Both U.S. and U.K. -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLutnick Says Auto Deal Good for Both U.S. and U.K. -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-08 23:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Tali Arbel and Max Colchester \n</p>\n<p>\n     Commerce Secretary Howard Lutnick said the U.K. automakers will pay a 10% tariff on 100,000 cars sent to the U.S. rather than the 25% tariff for imported vehicles and car parts. It's a tiny percentage of the U.S. auto industry but important for the United Kingdom, he said. \n</p>\n<p>\n     \"That protects their car industry,\" he said. \"For the U.K. auto people, this is tens of thousands of jobs.\" \n</p>\n<p>\n     The U.K. government said tariffs on automobiles will be reduced from 27.5% to 10%. This will apply to a quota of 100,000 U.K. cars. Washington will also cut tariffs on U.K. steel to zero from 25%. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 11:21 ET (15:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533130124","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533130124","pubTimestamp":1746717660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Commerce Secretary Howard Lutnick said the U.K. automakers will pay a 10% tariff on 100,000 cars sent to the U.S. rather than the 25% tariff for imported vehicles and car parts. It's a tiny percentage of the U.S. auto industry but important for the United Kingdom, he said.\"That protects their car industry,\" he said. \"For the U.K. auto people, this is tens of thousands of jobs.\". The U.K. government said tariffs on automobiles will be reduced from 27.5% to 10%. This will apply to a quota of 100,000 U.K. cars. Washington will also cut tariffs on U.K. steel to zero from 25%.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"卢特尼克表示汽车交易对美国和英国都有利——《华尔街日报》","themeId":"1c74577579cec6d51b9e59f6c8d65683","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Tali Arbel and Max Colchester \n\n\n     Commerce Secretary Howard Lutnick said the U.K. automakers will pay a 10% tariff on 100,000 cars sent to the U.S. rather than the 25% tariff for imported vehicles and car parts. It's a tiny percentage of the U.S. auto industry but important for the United Kingdom, he said. \n\n\n     \"That protects their car industry,\" he said. \"For the U.K. auto people, this is tens of thousands of jobs.\" \n\n\n     The U.K. government said tariffs on automobiles will be reduced from 27.5% to 10%. This will apply to a quota of 100,000 U.K. cars. Washington will also cut tariffs on U.K. steel to zero from 25%. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 11:21 ET (15:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2533130124","isCrawlerRequest":true}