Revealed: How much the US-UK trade deal will save UK economy from Trump tariffs
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The UK-US trade deal, by the numbers
- The UK's new trade deal with the US will mitigate the negative economic impact of Trump's tariffs, reducing the projected GDP loss from £10.8 billion to £4.3bn by 2030.
- The deal slashes tariffs on cars from 27.5 per cent to 10 per cent and eliminates tariffs on steel, saving an estimated 59,000 jobs.
- The agreement is projected to lessen the negative impact on the automotive sector and remove trade barriers on beef, steel, and aluminum.
- The reduced car tariffs give UK car manufacturers a competitive advantage over European rivals in the US market.
- While hailed as a win for the UK, some critics argue the government should have pushed for more concessions from the US.