Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
EV tariffs scrapped to encourage clean transport trade.
Steel tariff-free quotas to stabilize bilateral steel trade.
Agriculture exports gain smoother market access both ways.
The recently concluded US-UK trade agreement has sparked significant interest across global markets, with its expected implications on key sectors like automobiles, steel, and agriculture. According to official statements from both governments, the trade pact will ease tariffs and promote smoother cross-border commerce for crucial goods and services.
In the automotive industry, the deal eliminates existing levies on electric and hybrid vehicles traded between the two nations, aiming to boost clean vehicle adoption and reduce market entry barriers for EV manufacturers. Both countries foresee increased investment and collaborations in future-ready mobility solutions.
For the steel sector, the agreement introduces tariff-free quotas on certain steel products, ensuring steady bilateral trade flows without triggering protectionist duties. This move is expected to benefit producers on both sides, especially as industries look to stabilize raw material costs amidst geopolitical volatility.
Meanwhile, in agriculture, the deal opens fresh opportunities for US grain and dairy exports to the UK while streamlining safety and certification norms. Conversely, British farmers gain enhanced market access for meat and organic products in the US — a long-standing negotiation point.
Industry experts hail this agreement as a modern, balanced trade framework that responds to contemporary sustainability and supply chain priorities.
Also Read : Trump Approves Nippon Steel’s $14.9B U.S. Steel Deal with “Golden Share” to Safeguard American Control Trump’s Steel and Aluminium Tariffs: Impact on Indian Markets
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