https://www.taxtmi.com/news?id=43292 The proposed bilateral trade arrangement would implement targeted tariff concessions reducing US auto duties to ten percent within a quota of 100,000 vehicles and lowering US import taxes on UK steel and aluminum to zero, while retaining a stated ten percent baseline tariff for unspecified categories; the UK would expand purchases of US agricultural exports and simplify customs processing, with the UK maintaining its food safety standards and further implementation details to be finalised in drafting. en-us Thu, 08 May 2025 21:16:03 +0530 Thu, 08 May 2025 21:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43292 The proposed bilateral trade arrangement would implement targeted tariff concessions reducing US auto duties to ten percent within a quota of 100,000 vehicles and lowering US import taxes on UK steel and aluminum to zero, while retaining a stated ten percent baseline tariff for unspecified categories; the UK would expand purchases of US agricultural exports and simplify customs processing, with the UK maintaining its food safety standards and further implementation details to be finalised in drafting. News - Thu, 08 May 2025 21:16:03 +0530 https://www.taxtmi.com/news?id=43292