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🇺🇸 Here’s a quick breakdown of some major trade deals the US has locked in as of July 7th:
✅ UK Deal:
The US has agreed to drop tariffs on UK cars and car parts from 27.5% down to 10%—but only for up to 100,000 vehicles. Aerospace goods? Now tax-free. In return, the UK will no longer tax US ethanol and beef.
✅ Vietnam Deal:
Vietnamese products entering the US will now face a 20% tariff. But US exports heading to Vietnam? Zero tariffs. Also, if any third-party goods are shipped through Vietnam into the US, they’ll be taxed heavily—up to 40%.
✅ China (Partial Deal):
US tariffs on some Chinese goods were slashed from 145% to 30%, and China responded by cutting its own tariffs on US products from 125% to 10%. Plus, China agreed to stop other restrictions, like the export ban on critical minerals.