Implementing the General Terms of the United States of America-United Kingdom Economic Prosperity Deal
1. Purpose
Executive Order 14309, issued on June 16, 2025, implements the General Terms of the United States and United Kingdom Economic Prosperity Deal to strengthen trade ties and improve national security between these two nations.
2. Key Actions And Directives
- Establishment of Automotive Import Quotas: Set an annual quota for UK automotive imports at 100,000 vehicles with a 10% tariff.
- Tariff on Automotive Parts: Implement a total tariff of 10% on UK automotive parts for use in UK-made automobiles.
- Removal of Aerospace Tariffs: Eliminate tariffs on UK products under the WTO Agreement on Trade in Civil Aircraft.
- Future Tariff-rate Quotas for Aluminum and Steel: Design and establish future tariff-rate quotas for aluminum and steel from the UK.
3. Important Points
- Strengthened Trade Relations: The Executive Order outlines provisions to enhance bilateral trade, focusing on market access and tariff adjustments.
- Lowering Tariffs on Select Imports: Tariffs on UK automotive parts and aerospace products are reduced to foster collaboration in these sectors.
- Legislative Authority: The Executive Order draws authority from multiple legislative acts, emphasizing its legal foundation.
- Effective Date for Tariff-rate Quota: The automotive tariff-rate quota takes effect 7 days post-publication in the Federal Register.
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