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Trump keeps 10% baseline tariff, eases auto and metal duties in trade deal with UK

IndiaTimes Thursday, 8 May 2025
US President Trump confirmed a new trade framework with the UK, reducing tariffs on autos and metals while maintaining a 10% baseline tariff. In return, the UK will increase purchases of US agricultural goods and simplify customs. Trump hinted at higher tariffs for countries with trade deficits, while US stocks surged on investor optimism following the announcement.
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News video: Trump’s SUDDEN Tariff Shakeup Sends Shockwaves—Global Trade Partners Scramble for Clarity |Trade War

Trump’s SUDDEN Tariff Shakeup Sends Shockwaves—Global Trade Partners Scramble for Clarity |Trade War 03:22

 President Donald Trump has announced a new minimum tariff policy, confirming that the U.S. will impose a baseline of at least 10% tariffs on imports, with some potentially rising much higher. During his address, Trump mentioned a “wonderful deal” finalized recently and said that four to five more...

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