Implementing the General Terms of the United States of America-United Kingdom Economic Prosperity Deal
Executive Order 2025-11473
|Signed on June 17, 2025
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What it means
This order implements a trade deal with the United Kingdom, establishing a 100,000-vehicle annual quota at a reduced 10% tariff rate, eliminating tariffs on aerospace products, and directing future creation of tariff-rate quotas for steel and aluminum. The deal gives American companies enhanced access to British markets, particularly for agricultural exports.
Expected impact
- Improved market access for American exports to the UK, especially for beef, ethanol, and agricultural products
- Reduced tariffs on UK automobiles and automotive parts entering the US market
- Strengthened aerospace trade relations between the US and UK with tariff-free exchange of certain products
- Potential future benefits for US-UK trade in steel, aluminum, and pharmaceutical products once additional requirements are met
- Enhanced economic cooperation that supports US national security interests and addresses trade imbalances