President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
President Donald Trump announced a new trade agreement with the United Kingdom on Thursday that cuts U.S. import taxes on key British goods - autos, steel, and aluminum - while preserving a 10% baseline tariff on other U.K. imports.
In return, the U.K. will lower tariffs on 2,500 American products, such as wine, olive oil, and sports gear, and increase imports of U.S. beef and ethanol. The U.K. also committed to simplifying customs procedures for U.S. goods.
The auto tariff on British cars will drop from 27.5% to 10% for up to 100,000 vehicles annually. Steel and aluminum tariffs will fall from 25% to zero. Trump called the 10% rate “a low number,” suggesting that other countries negotiating with the U.S. might face higher rates based on trade imbalances.
Commerce Secretary Howard Lutnick confirmed that a major British company is preparing to buy $10 billion worth of Boeing aircraft.
Prime Minister Starmer, speaking to Trump during a public phone call on the anniversary of Victory in Europe Day, called the deal “historic” and said it would help protect thousands of U.K. manufacturing jobs. Speaking later at a Jaguar Land Rover plant, Starmer said this agreement was “just the start” of broader trade engagement.
Trump touted the deal as evidence of his administration’s ability to secure favorable terms and remained optimistic about the U.S. economy, predicting a strong stock market performance. He downplayed inflation concerns and dismissed corporate warnings about price increases as negotiation tactics.
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European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are completed. The recall follows 10 reported fires involving cars previously repaired for the same fault.
The United Nations Children’s Fund (UNICEF) says 3.7 million children in Afghanistan are suffering from acute malnutrition, as worsening drought and funding shortages threaten to deepen the crisis amid the COP31 climate summit in Türkiye.
A consortium of Türkiye’s Limak and Qatar’s HBK Contracting has won an international tender to build and operate a new airport terminal in Bukhara, Uzbekistan, under a 23-year public-private partnership, with the project potentially costing up to $300 million.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
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