The White House today announced a trade deal has been reached with the U.K. While the reciprocal tariff rate of 10% remains in effect for most imports from the U.K., the countries will negotiate an “alternative arrangement” to the Section 232 tariffs on aluminum and steel.

The trade deal expands U.S. market access in the U.K., creating a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers. For the U.K., the first 100,000 vehicles imported into the U.S. by U.K. car manufacturers each year will only be subject to the reciprocal rate of 10% and any additional vehicles each year are subject to 25% rates.

Read this White House fact sheet for more details about the U.S.-U.K. trade deal. This Truth Social post from President Trump provides additional trade highlights from the bilateral deal.

The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg, P.A., meanwhile, will monitor the implementation of this trade deal by Customs and Border Protection (CBP), and provide updates to our customs broker members as soon as they become available.

********

NCBFAA will continue to keep our members updated about the U.S. tariffs through the Monday Morning eBriefing and eblasts, and a dedicated IEEPA Tariffs webpage on our website.

Attention: The Monday Morning eBriefing (MMeB) and other communications of the NCBFAA are the exclusive property of the Association. Unauthorized use by any person or firm which is not a member in good standing is strictly prohibited.