“From today, British car and aerospace manufacturers will benefit from major tariff reductions when exporting to the US, saving thousands of jobs,“ the UK Department of Trade said in a statement Monday.
It also fully eliminated a 10-percent tariff on goods such as engines and aircraft parts.
“From today, our world-class automotive and aerospace industries will see tariffs slashed, safeguarding key industries that are vital to our economy.”
That has raised concerns in the chemical industry and among British farmers, even though the meat would still have to meet UK food safety standards.
“We will continue go further and make progress towards zero percent tariffs on core steel products,“ the trade department said in the statement.
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