Trump will cut tariffs on British cars and will reach a comprehensive agreement in the future.

On May 8, the United States will cut tariffs on Range Rovers and other British-made cars to 10% in Trump's trade deal with the United Kingdom. This is part of a 12-month "interim arrangement" in which the UK and US hope to reach a comprehensive trade deal in the coming months. In return, the UK and the US will reduce import and export duties on beef to near zero, but the UK will not allow hormone-treated beef to enter the UK. In March, Jaguar Land Rover halted exports to the U.S. after Trump announced a new tariff of 25% on foreign-made cars and auto parts. It is understood that British automakers will be given a quota of 100,000 units, which will be sold to the United States at lower tariffs. The 25% tariff currently levied on UK steel exports to the US will also be reduced, although the details of the rates and quotas are still to be finalised. A source said: "We will immediately reduce industry tariffs." ( gold ten )