President Donald Trump's unilaterally imposed tariffs continue to harm both domestic and global markets. Multiple automakers now expect lower profits and higher prices for consumers. Reuters reported this week that as a result of Trump's tariffs,

Washington — The United States has reduced tariffs on United Kingdom-made vehicles from 27.5% to 10%, providing import tax relief for a small but notable portion of the domestic auto market.

WASHINGTON (AP) — President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the United States.