Donald Trump's UK trade deal could ensure Jaguar's resurrection

Starmer visited the factory again today and said from where he held videotapes with Trump that some of the deals were "an incredible platform for the future."

Starmer said in front of workers at the car assembly plant that the deal “reduces tariffs on cars we export to 10% (which is very important for JLR, and is actually so important for the industry, but usually for JLR, and especially for JLR, they sell so many cars to the U.S. market.”

Statue of UK exports - Excluding most foods, this is a pain point in the UK, and consumers are firmly opposed to us importing our "chlorinated" chickens and hormone-feeding beef (USA Secretary of Agriculture Brooke Rollins said at an Oval Office press conference that the deal may increase, but may add one range, but may add a certain range. Brexit benefits from the UK's exit from the EU and believes that the UK should split to the US.

Before the Oval Office’s official unveiling, President Trump wrote on his social media website Truth Social that the trade agreement with the UK is “a big and respected country” and “a full and comprehensive country that will strengthen the relationship between the United States and the United Kingdom for many years.”

The UK will reduce its tariffs on the U.S. from 5.1% to 1.8%, according to the Oval Office's "Reciprocal Tariffs" board. The White House Profile on the Historic Trade Agreement says it will “bring new opportunities for U.S. exporters and provide a competitive environment for U.S. producers.”

Both sides are committed to agreeing to lower tariff quotas for steel and cars exported from the UK. In return, the UK agreed to lower tariffs on U.S. cars. It is also hoped that the UK will soar 2% digital sales tax, affecting American tech giants such as Meta, Google, Apple and Amazon.

European automakers, especially German automakers, are likely to temporarily continue to threaten the Trump administration's 25% tariff on EU-made cars. In 2018, Trump told French President Emmanuel Macron that he did not want Mercedes to go to Fifth Avenue in New York. Then, in November last year, German Chancellor Angela Merkel told Italian news outlet Corriere Della Sera that Trump was "obsessed with the idea that there were too many German cars in New York."

European automakers will be jealous while preparing to move forward with EU-wide deals. Stellantis, Volvo and Mercedes withdraw their financial guidance for the year last month, blamed uncertainty surrounding U.S. policy on import taxes. Stellantis is based in Amsterdam, but is also part of the United States, an example of how many car brands are there today. It has Italian Fiat, along with Chrysler and other so-called All-American brands Dodges, Jeeps and Ram Trucks.

The United States is the number one export destination for EU-made cars. In 2023, European automakers exported $58 billion worth of vehicles and components to the United States, accounting for 20% of the total value of EU automobile exports and supported nearly 14 million European jobs.

Trump's tariff war has not only affected overseas automakers. Although Trump has provided automakers with a relief from tariffs, General Motors warned that taxes will be up to $5 billion. Yesterday, Volvo announced that it would cut work at its Charleston, South Carolina plant as it continues to assess the impact of tariffs.