On June 16, 2025, the White House issued an Executive Order announcing the United States of America and the United Kingdom Economic Prosperity Deal. Below is a summary of the key provisions:
The U.S. will implement a tariff-rate quota (TRQ) for automobiles imported from the U.K.:
U.K.-origin automotive parts intended for use in U.K.-origin vehicles will be subject to a 10% tariff, down from the existing 25% Section 232 tariff.
At a future date, to be determined by the Secretary of Commerce in consultation with the U.S. Trade Representative, a TRQ will be established for U.K.-origin steel, aluminum, and derivative products. Imports exceeding the quota will incur the full Section 232 tariffs.
Tariffs on U.K.-origin aerospace products covered under the WTO Agreement on Trade in Civil Aircraft will be lifted. This includes tariffs imposed under:
These changes will take effect upon publication in the Federal Register, expected within seven days of June 16. The U.S. International Trade Commission (ITC) and U.S. Customs and Border Protection (CBP) will issue an additional Federal Register notice within another seven days, updating the Harmonized Tariff Schedule of the United States (HTSUS) to reflect the agreement.