US Trade Deal with UK brings much needed certainty
08 May 2025
Published in: Black Country Chamber of Commerce News
Sarah Moorhouse, chief executive of the Black Country Chamber of Commerce reacts.
“The trade deal finally brought much-needed certainty after a prolonged period of trade tensions.
“This is a major step forward for trade on both sides of the Atlantic. Now that we have the details, businesses across the Black Country can begin planning with more confidence.
"Many of our members, including those in the automotive supply chain supplying to the likes of Jaguar Land Rover and Aston Martin, will welcome the reduction in car export tariffs to 10%. With the quota covering almost all of last year's exports, this represents a significant saving that should help secure jobs across our region.
"Having spoken to a number of businesses involved in import and export in the last couple of weeks, the elimination of the 25% tariff on steel exports to the US is perhaps the most critical development. Our steel and aluminium industry has faced enormous challenges, and this zero-tariff arrangement provides essential breathing space.
"A new deal will reinforce the strong commercial and investment relationships which exist between the US and UK and hopefully even create new pathways for growth.
"Businesses across the Black Country, particularly in our manufacturing and engineering sectors, do stand to benefit from reduced barriers which President Trump mentioned such as appropriate export controls and protections for key technologies.
“Cutting back on red tape is always welcome and the tariff-free status for aerospace parts offering particular benefits to our regional supply chain.
"The Chamber will now be working closely with businesses to ensure they can take full advantage of these new trading conditions, with particular focus on helping smaller suppliers understand how they can benefit from the wider
economic impact."
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