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The UK secures a trade deal with the US, cutting tariffs on cars and aerospace, boosting industries, and safeguarding jobs.

UK, US Finalise Historic Export Tariff Deal

The UK has struck a historic trade agreement with the US, reducing tariffs on cars and aerospace exports, boosting British industry, and safeguarding thousands of jobs.

The UK secures a historic trade deal with the US, drastically cutting tariffs on cars and aerospace exports, safeguarding jobs, and boosting key industries.

British car and aerospace manufacturers will benefit from slashed tariffs when exporting to America as the UK-US trade deal comes into effect from Monday, Prime Minister Keir Starmer said as he welcomed the &ldquo;historic&rdquo; pact.
Downing Street claims the UK is the only country to have secured such a deal with US President Donald Trump, reducing car export tariffs from 27.5 per cent to 10 per cent and the aerospace sector seeing the removal of 10 per cent tariffs on goods such as engines and aircraft parts.
&ldquo;Our historic trade deal with the United States delivers for British businesses and protects UK jobs,&rdquo; said Starmer.
&ldquo;From today, our world-class automotive and aerospace industries will see tariffs slashed, safeguarding key industries that are vital to our economy. We will always act in the national interest &ndash; backing British businesses and workers, delivering on our Plan for Change,&rdquo; he said.
The deal, announced last month and discussed further between Starmer and Trump at the G7 Summit in Canada earlier this month, is built around a quota system which the UK government claims is &ldquo;as simple, fair and effective as possible&rdquo;.
The deal came soon after the India-UK Free Trade Agreement (FTA) was announced on May 6, which is now going through its legal document scrubbing to be formally signed by next month to boost bilateral trade by an estimated GBP 25.5 billion annually in the next decade.
"This is a clear example of our Plan for Change in action: cutting costs for businesses, speeding up delivery of trade benefits, and helping UK industries thrive in a challenging global environment,&rdquo; said UK Business and Trade Secretary Jonathan Reynolds, leading on the trade talks with the US and India.
&ldquo;We agreed this deal with the US to protect jobs and support growth in some of our most vital sectors &ndash; and today, we&rsquo;re delivering on that promise for the UK&rsquo;s world-class automotive and aerospace industries," he said.
"British car manufacturers can now export to the US at a significantly reduced 10 per cent tariff rate &ndash; down from 27.5 per cent &ndash; and aerospace goods will see 10 per cent tariffs removed, saving sectors hundreds of millions each year and safeguarding thousands of jobs,&rdquo; the minister added.
The government reiterated that the deal makes the UK the only country to be exempt from the global tariff of 50 per cent on steel and aluminium. As the Prime Minister and President Trump confirmed, the trade teams will continue to work towards 0 per cent tariffs on core steel products as agreed, the UK&rsquo;s Department for Business and Trade (DBT) stressed.
British industry welcomed the deal, with the aerospace group ADS saying the sector &ldquo;hugely appreciated&rdquo; relaxed tariffs on goods for it to continue to focus on &ldquo;innovation and excellence&rdquo;.
&ldquo;The implementation of the new trading agreement between the UK and US is good news for US customers and a huge relief for the UK automotive companies that export to this critically important market,&rdquo; said Mike Hawes, Chief Executive of the UK&rsquo;s Society of Motor Manufacturers and Traders (SMMT) &ndash; representing the country's auto companies including Indian-owned Tata Motors Jaguar Land Rover (JLR) brands.
&ldquo;It immediately slashes the punitive tariffs that brought the US export market to a standstill and threatened the viability of some of the most famous names in British manufacturing. Securing the deal &ndash; the first and, so far, only automotive deal in place with the administration &ndash; is a diplomatic coup and provides a foundation on which to grow trade in the future,&rdquo; said Hawes.
The UK government is set to update Parliament on the implementation of quotas on US beef and ethanol, as part of the commitment made to the US under the trade deal.

President Trump announces reduced reciprocal tariffs on India and China, targeting 26% and 34% respectively, aiming to bolster U.S. industry.

Trump's Discounted Tariffs: India 

Trump targets India and China with discounted reciprocal tariffs aiming to protect U.S. jobs and industry. India sees 26%, China 34%.

President Trump announces reduced reciprocal tariffs on India and China

Trump announces tariffs, targeting India at 26% and China at 34%. Other nations face varying rates. Measures aim to boost U.S. jobs and economy.

President Donald Trump has declared significant reciprocal tariffs targeting India and China, suggesting these are merely half of what these nations impose on the United States.
Labeling them as "discounted reciprocal tariffs," Trump stated the U.S. will implement a 26% import duty on India and a 34% duty on China.
Addressing the tariffs imposed by India, Trump described Delhi's policies as "very, very tough." He remarked on his recent meeting with India's Prime Minister Narendra Modi, whom he called a "great friend," but expressed discontent over India's 52% tariffs on American goods.
"You're a friend, but you've not been treating us right," Trump reportedly told Modi, hence the U.S.'s decision to impose a matching tariff of half that rate.
In addition to India and China, the President unveiled tariffs on other major economic partners: a 20% levy on European Union imports and a 10% duty from the UK. Japan, another key ally, will see a 24% tariff on its goods.
These measures, outlined by the White House, add to a base import duty of 10% applicable to all foreign products entering the United States. However, President Trump did not provide specifics on how these tariffs would be distributed across various industries.
The announcement, made amid loud applause at the White House Rose Garden, was celebrated as "Liberation Day" by Trump. "For far too long, other countries have looted and plundered us, while taking advantage of our policies.
But no longer," he declared. "By doing this we will reclaim our jobs, we will reclaim our industry, we will reclaim our small and medium scale businesses... and we will make America wealthy again." Trump anticipates these tariffs will boost domestic employment and industry.
The White House conveyed that due to a "national emergency" linked to security concerns from ongoing trade deficits, a "baseline" 10% import tariff will be enforced starting at 12:01 am local time on April 5th. The increased country-specific tariffs will be enacted from April 9th at the same local time.

US VP JD Vance's visit to India coincides with significant tariff tensions between the US and India. As Trump criticizes India's tariffs, Vance's visit might play a role in negotiations.

JD Vance Visits India Amid US-India Tariff Tensions

Vice President JD Vance's planned visit to India comes amid escalating US-India tariff tensions. This visit, accompanied by Second Lady Usha Vance, aims to address these trade challenges.

US Vice President JD Vance to visit India amid tariff tensions

US VP JD Vance plans an India visit amid tariff disputes. This follows Trump's tariff criticisms, which led to stock market unrest. Vance's visit aims to address trade tensions.

US Vice President JD Vance is poised to visit India later this month, accompanied by Second Lady Usha Vance, as reported by Politico, citing three sources familiar with the plans.
This marks Vance's second international trip since taking office and Usha Vance's inaugural visit to her ancestral homeland as Second Lady. The Vice President previously embarked on his first foreign visit to France and Germany last month.
The visit occurs amid escalating tensions between India and the US over tariff disputes.
Earlier this month, US President Donald Trump criticized India's tariff policies, declaring it "next to impossible to sell anything to India" due to "high tariffs." In response, he announced reciprocal tariffs, effective April 2, aiming to match the tariff rates imposed by foreign countries on US exports.
The 78-year-old Republican's tariff announcements have created unrest in stock markets. Subsequently, Trump claimed that India agreed to reduce tariffs on US imports. "India charges us massive tariffs. Massive.
You can't even sell anything in India... They have agreed, by the way, they want to cut their tariffs way down now because somebody is finally exposing them for what they have done," he stated at the White House. However, Indian officials have refuted this, asserting no such commitments were made, and negotiations are ongoing.
On Tuesday, White House Press Secretary Karoline Leavitt highlighted the issue while discussing the tariffs imposed by various nations, emphasizing India's tariffs on US alcohol and agricultural products.
"American cheese and butter face nearly a 300 per cent tariff in Canada. In India, there is a 150 per cent tariff on American alcohol. Do you think that's helping Kentucky bourbon be exported into India? I don't think so. There's also a 100 per cent tariff on agricultural products from India," she commented.
In an earlier engagement, Vice President Vance met Prime Minister Narendra Modi shortly after assuming office, on the sidelines of the AI Summit in Paris last month.
During this meeting, PM Modi presented an eco-friendly wooden alphabet set to Vance's daughter, Mirabel Rose Vance, and participated in the celebration of Vance's son Vivek's birthday.
Expressing his delight, PM Modi shared on X, "Had a wonderful meeting with US Vice President JD Vance and his family. We had a great conversation on various subjects. Delighted to join them in celebrating the joyous birthday of their son, Vivek!"
Vice President Vance reciprocated the sentiments, appreciating PM Modi's hospitality and kindness, noting that his children enjoyed the gifts and expressing gratitude for the meaningful conversation.

Trump's administration challenges high global tariffs, focusing on India and Canada. Seeking fair trade terms, temporary tariff delays with Mexico demonstrate ongoing economic tensions.

Trump Criticizes Global Tariffs: Trade Push

Highlighting high tariffs from India, Canada, and Japan, Trump seeks fair trade. Temporary delays with Mexico signal persistent global trade negotiations and economic tensions.

Trump administration criticizes global tariffs

The Trump administration pushes for fair trade, criticizing high tariffs from India, Canada, and Japan. Temporary tariff delays with Mexico ensue, highlighting ongoing global trade tensions.

In a recent press briefing, White House Press Secretary Karoline Leavitt criticized the tariffs imposed by several nations on U.S. goods, particularly highlighting India's tariffs on American alcohol and agricultural products.
She stated that President Donald Trump is committed to reciprocity in trade, emphasizing the need for fair and balanced international trade practices.
Leavitt accused Canada of exploiting the United States, citing "egregious" tariff rates that have allegedly disadvantaged American workers for decades.
When questioned about the timeline for President Trump to speak with Canada's Prime Minister-designate Mark Carney, Leavitt said, "The president is again responding to the fact that Canada has been ripping off the United States of America and hardworking Americans for decades."
She presented data illustrating high tariff rates imposed by countries like Canada, India, and Japan, which adversely affect American exports.
Leavitt noted an almost 300 percent tariff on American cheese and butter in Canada, a 150 percent tariff on American alcohol in India, and a 100 percent tariff on agricultural products. She also pointed out Japan&rsquo;s 700 percent tariff on rice.
President Trump, known for his focus on "America First" policies, has been vocal about his dissatisfaction with how the United States has been treated in international trade. On Sunday, Trump suggested possible future increases in tariffs against Mexico and Canada, according to Fox News.
He argued that global trade practices have long disadvantaged the U.S., saying, "For years, globalists have been ripping off the United States...what we're going to do is get it back."
Meanwhile, Trump has announced the imposition of tariffs on Mexico, Canada, and China, citing border control concerns, particularly addressing the issue of fentanyl entering the U.S.
In a move indicating shifting dynamics, Trump announced a temporary delay on certain tariffs against Mexico and Canada, following productive discussions with Mexico's President Claudia Sheinbaum. However, he criticized Canada for being a "high tariff nation."
Additionally, President Trump has criticized India's trade practices, asserting it is "next to impossible to sell anything to India" due to high tariffs.
Nevertheless, he claims India has agreed to significantly reduce its tariffs, stating, "India charges us massive tariffs...they want to cut their tariffs way down now because somebody is finally exposing them for what they have done."
As the Trump administration continues to negotiate better trade terms, the global community watches closely to see how these policies will unfold and impact international economic relations.

Trump doubles tariffs on Canadian steel and aluminum to 50% following Ontario's electricity tariff. He seeks elimination of high dairy tariffs and threatens auto tariffs, escalating U.S.-Canada trade tensions with broad economic implications.

Trump Escalates Canadian Tariffs Tension

Trump has announced a substantial increase in tariffs on Canadian steel and aluminum imports to 50% as a response to Ontario's electricity tariff. This move, along with his demands for dairy tariff removal and auto tariff threats, heightens U.S.-Canada trade tensions.

Trump increases tariffs on Canadian steel, aluminum to 50% in response to Ontario's electricity tariff. Warns of further tariff hikes on Canadian dairy and auto sectors. Trade tensions between the U.S. and Canada intensify with potential economic impacts.

On Tuesday, former President Donald Trump announced a significant escalation in trade tensions with Canada, unveiling plans to double tariffs on all Canadian steel and aluminum imports to 50%.
This move comes in direct response to the province of Ontario's imposition of a 25% tariff on electricity exports to the United States.
In a post on Truth Social, Trump stated that he has directed his commerce secretary to implement an additional 25% tariff on these products, which is set to take effect on Wednesday morning.
Trump's announcement did not stop at steel and aluminum. He demanded that Canada immediately eliminate what he termed the "Anti-American Farmer Tariff" on U.S. dairy products, which currently ranges from 250% to 390%.
"This has long been considered outrageous," he declared, further revealing plans to declare a "National Emergency on Electricity" in the affected region.
Additionally, Trump issued a cautionary note regarding the auto industry, threatening to "substantially increase" tariffs on Canadian cars entering the U.S. by April 2 unless Canada drops other longstanding tariffs he deemed unfair.
These developments mark yet another chapter in the ongoing trade disputes between the two neighboring countries, with potentially wide-reaching implications for both economies.

India clarifies no finalized trade tariff deal with the U.S. despite Trump’s remarks. Ongoing negotiations focus on mutual benefits, avoiding tariff war impacts.

India Denies U.S. Trade Tariff Deal

Commerce Secretary Barthwal denies finalized trade tariff agreement with the U.S., following Trump’s claims. India aims for mutually beneficial deals, addressing global trade dynamics.

India denies agreement on tariff reductions amid US claims

India clarifies no trade tariff agreement with the U.S. yet, despite Trump's claims. Ongoing negotiations aim for mutual benefit. Concerns also raised over China's planned dam on Brahmaputra.

Following recent remarks by U.S. President Donald Trump about India, Commerce Secretary Sunil Barthwal has clarified to the Parliamentary Standing Committee on External Affairs that negotiations with the United States concerning trade tariffs remain ongoing, and no formal agreement has been reached yet.
The committee, chaired by Congress MP Shashi Tharoor, was updated by Barthwal on the status of discussions between the two countries, despite Trump's claims that India has agreed to significantly reduce tariffs.
During a briefing at the Oval Office, President Trump asserted that India imposes substantial tariffs which make it difficult for the U.S. to conduct business effectively.
He claimed that India has agreed to lower these tariffs, a statement that has not been confirmed by Indian officials. Delhi's response to Trump's comments has been notably restrained, focusing instead on the ongoing preparation for potential bilateral trade agreements.
Barthwal emphasized India's commitment to free trade and its desire to enhance trade relations with the U.S. He argued that a tariff war would be counterproductive and could lead to adverse economic consequences, including a potential recession.
Addressing inquiries from committee members on why India has not protested as vocally as Canada and Mexico regarding U.S. tariffs, Barthwal explained that the situations differ due to the U.S.'s specific security and immigration concerns with its North American neighbors.
Furthermore, Barthwal assured the committee that any trade agreement will be "mutually beneficial," with India intent on protecting industries vital to its domestic economy. He pointed out that while India is open to reducing tariffs on a bilateral basis, it cannot adopt a blanket approach for all international engagements, underscoring the importance of a bilateral trade pact with the U.S.
In addition to trade discussions, Foreign Secretary Vikram Misri briefed the panel on India's relationships with China and Europe. He noted concern over China's plans to construct a dam on the Brahmaputra River, highlighting it as a significant issue for India, given the strategic and environmental implications.
These developments reflect the intricate and ongoing nature of international trade negotiations, with India aiming to balance its economic interests while engaging constructively with major global powers.

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