In a significant breakthrough for transatlantic trade, the United States and United Kingdom have reached a new agreement that will eliminate tariffs on British steel and aluminum exports to the US, offering major relief to industries hit hard by previous trade barriers. Under the terms of the deal, the US will reduce tariffs on UK steel and aluminum from the 25% rate imposed earlier this year to zero, a move welcomed by UK manufacturers and hailed by officials as a step toward restoring competitiveness in key sectors. While a baseline 10% tariff will remain on most UK goods entering the US, the agreement marks a notable exception for metals, which had faced some of the most punishing levies since the escalation of global trade tensions

Industry leaders in both countries have praised the deal for safeguarding thousands of jobs and providing a more stable outlook for exporters, even as analysts caution that the broader economic impact may be modest compared to the pre-tariff environment.

The agreement, which still awaits final ratification, is seen as a political win for both President Trump and Prime Minister Starmer, signaling a renewed commitment to open markets and pragmatic cooperation amid ongoing global tariff negotiations.