What's in the U.S.-U.K. Trade Deal Framework? -- WSJ

Dow Jones05-09

By Natalie Andrews

Here are some highlights that the U.S. and U.K. highlighted in the respective fact sheets that the countries provided Thursday:

-- Creates a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers," including more than $700 million in ethanol exports and $250 million in other agricultural products, like beef.

-- The U.S. agreed to lower automobile tariffs for the first 100,000 vehicles imported into the U.S. by the U.K. to 10%. Any additional vehicles each year are subject to 25% rates. This includes luxury cars such as Bentley and Jaguar Land Rover.

-- The baseline tariff rate of 10% remains in effect.

-- The White House said the deal creates a new trading union for steel and aluminum. The U.K.'s fact sheet said that steel will no longer face tariffs because of the deal.

-- The U.K. will also remove the tariff on ethanol coming into the U.K. from the U.S., down to zero.

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 12:18 ET (16:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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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 12:18 ET (16:18 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":"2534569721","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534569721","pubTimestamp":1746721080,"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":"Here are some highlights that the U.S. and U.K. highlighted in the respective fact sheets that the countries provided Thursday:. -- Creates a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers,\" including more than $700 million in ethanol exports and $250 million in other agricultural products, like beef.-- The U.S. agreed to lower automobile tariffs for the first 100,000 vehicles imported into the U.S. by the U.K. to 10%. 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