Donald Trump is said to slash US tariffs on Range Rovers and other UK-made cars to 10pc as part of a trade deal that also drops levies on American beef.
The UK and the US will also remove taxes on up to 13,000 metric tonnes of beef imports and exports per year as Britain won’t allow imports of hormone-treated beef under the agreement.
Steel tariffs of 25pc will also be scrapped and subjected to a quota.
Recall that Trump announced new 25pc tariffs on foreign-made cars and car parts imported into the US in March, and UK negotiators have made reducing these levies a key priority in talks.
Sir Keir Starmer hailed the historic deal, saying it would “protect thousands of British jobs in key sectors including car manufacturing and steel”.
“My government has put Britain at the front of the queue because we want to work constructively with allies for mutual benefit rather than turning our back on the world,” the Prime Minister said.
However, Kemi Badenoch, the Tory leader, said Britain had been shafted by tariffs that will still begin at 10pc on most UK goods.
“We cut our tariffs – America tripled theirs. Keir Starmer called this ‘historic’. It’s not historic. We’ve just been shafted!” she posted on X.
Jaguar Land Rover (JLR), which manufacturers Range Rovers, had halted exports to the world’s biggest economy as a result of the steep rise in car tariffs.
Adrian Mardell, the JLR boss, hailed the agreement, saying it would help to sustain 250,000 jobs.
“We warmly welcome this deal which secures greater certainty for our sector and the communities it supports,” he said.
Official figures suggest the deal will allow most British car exports to the US to benefit from lower tariffs.
Last year, British manufacturers exported just over 100,000 cars to the US, according to the Society of Motor Manufacturers & Traders (SMMT),making up almost 17pc of the industry’s overseas sales.
