Terms of the trade document with the UK being fed out in dribs and rabs.
White House:
United States intends to create an annual quota of 100,000 vehicles for United Kingdom automotive imports at a 10 percent tariff rate U.S., UK committed to negotiate significantly preferential treatment outcomes on pharmaceuticals and ingredients of UK, contingent on findings of an investigationU.S. intends to promptly construct a quota at most-favored-nation rates for steel and aluminum articles and certain derivative steel and aluminum articles that are products of UKU.S., UK committed to strengthen aerospace and aircraft manufacturing supply chains by establishing tariff-free bilateral trade in certain aerospace productsImports of automobiles within tariff-rate quota that would otherwise be subject to 25% tariff shall instead be subject to combined tariff of 10% Trade deal repeals tariffs on UK aerospace industry imposed in three previous executive orders
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These two managed to fumble the trade deal, literally:
pic comes via @StefanRousseau
This article was written by Eamonn Sheridan at www.forexlive.com.