The US is set to reduce tariffs on certain British products imminently, particularly automobiles, as indicated by UK trade secretary Jonathan Reynolds. Following productive discussions between UK officials and US commerce secretary Howard Lutnick, there is optimism for swift implementation of automotive tariff reductions. Further meetings, including one involving UK ambassador Peter Mandelson and Donald Trump, emphasized readiness to receive new quotas of US goods. Meanwhile, the UK government is working on a substantial trade agreement with the Gulf Cooperation Council, although it may face criticism regarding labor and environmental standards.
I’m hoping to be able to update you on...the automotive tariff reduction which is part of our deal. I'm very hopeful. It was a specific area of conversation.
Trade quotas on British cars and American beef and ethanol would be implemented within days...as soon as the president and White House are able to...on their side.
Mandelson...assured the president that our markets were ready...and that the UK looked forward to the deal's swift implementation.
The deal...would not contain legally binding commitments on labour or environmental standards but said the UK needed to strike agreements.
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