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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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