( May 9, 2025, 15:28 GMT | Official Statement) -- MLex Summary: Under a new trade deal, the UK will eliminate a 20 percent tariff on US beef exports and create a tariff-free quota on 13,000 metric tons of beef, and give a tariff-free rate on 1.4 billion liters of US ethanol. The US will allow up to 100,000 UK vehicles to enter at 10 percent tariffs and will construct a quota for lower rates on steel and aluminum products, while other duties under Section 232 will be negotiated, including pharmaceuticals. Both countries also agreed to negotiate an "ambitious set of digital trade provisions" and to cooperate on economic security, such as addressing non-market policies of other countries.Agreement follows below:...
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