All articles tagged with #us uk trade deal
Jaguar Land Rover plans to cut up to 500 management jobs in the UK due to declining sales and profits impacted by US trade tariffs, which have increased costs and disrupted exports. The company is offering voluntary redundancies and is adjusting its workforce in response to challenging global trade conditions, while also preparing for increased electric vehicle production.
EU officials dismiss German Chancellor Friedrich Merz's hopes that US tariffs will spare Germany's car industry, emphasizing that the US aims to reduce imports and that a special deal for cars is unlikely. Negotiations are complex, with the US threatening tariffs and the EU preparing retaliatory measures, impacting Germany's export-dependent economy.
The UK has been temporarily exempted from the US's increase in steel and aluminium tariffs to 50%, remaining at 25%, due to a recent trade deal, but this exemption may be revoked if the UK does not comply with the agreement, causing ongoing uncertainty for UK steel industry.