Thousands of jobs have been saved as the Prime Minister secured a first-of-a-kind trade agreement with the US.
- Britain secures the first US trade deal protecting British business and British jobs, the second landmark deal in Britain’s national interest in a matter of days following the India deal
- Prime Minister delivers on his promise to save UK steel and British car makers – saving thousands of jobs across the country
- US tariffs on automotives immediately slashed from 27.5%, with steel and aluminium reduced to zero
- Unprecedented market access for British farmers with protections on food standards maintained
Thousands of jobs have been saved as the Prime Minister secured a first-of-a-kind trade agreement with the US.
It is the second major trade announcement this week – following the India Free Trade Agreement on Tuesday, this historic agreement with the US to slash tariffs delivers for UK carmakers, steelworks and farmers – protecting jobs and providing stability for exporters.
Car export tariffs will reduce from 27.5% to 10% - saving hundreds of millions a year for Jaguar Land Rover alone. This will apply to a quota of 100,000 UK cars, almost the total the UK exported last year.
The Prime Minister visited Jaguar Land Rover last month announcing greater freedom for car manufacturers to back British industry in the face of global headwinds. During this visit he told workers he would accelerate trade deals to protect their jobs, their livelihoods, and to champion British business worldwide.
