Last May, the United Kingdom launched the ball of the first trade agreements with the United States. Customs duties reduced to British exports from the automotive and aerospace sectors to the United States comes into force on Monday, June 30, the British government, which is still negotiating with Washington, negotiates steel exemptions.
From Monday, “British car producers and aerospace sector will benefit from major customs duties (…)the American-British trade agreement entering into force ”the British Ministry of Commerce reported in a statement.
In May, London and Washington concluded an agreement providing for the reduction of 27.5 % to 10 % of customs duties on cars (up to 100,000 vehicles per year). It also includes a drop in rights, today by 10 %, in the aerospace sector, as on the plane engines of the British flagship Rolls-Royce.
These rights are “Deleted today [lundi]with a commitment to keep them at zero “reported the British Ministry of Commerce, which is delighted with a “Major support” For the aerospace sector. Prime Minister Keir Starmer welcomed this entry into force, which will “Preserve key sectors” of the British economy in “Saving hundreds of millions [de livres] each year and protecting thousands of jobs ”.
Concerns among farmers
In return for these customs duties, the United Kingdom has agreed to open its market to American ethanol or beef (as long as the latter complies with British food security standards), aroused concerns in the chemical industry and in British farmers.
London still negotiates in parallel the exemptions for rights for steel and aluminum, provided for in the agreement announced in May, against 25 % currently. “We will continue to move forward and progress” To achieve these discussions, the British Ministry of Commerce said on Monday, without specifying a calendar.
In addition, the rest of the imports of British manufacturing products remains subject to new customs duties of 10 % imposed by President Donald Trump in the United Kingdom as in other countries.
