The British government is trying to understand how its recently signed trade deal with the U.S. will be affected by a court ruling blocking most of President Donald Trump’s tariffs.
Britain was the first country to reach a deal with Mr. Trump after he announced sweeping tariffs in April on dozens of U.S. trading partners, including Canada. The U.K.-U.S. agreement, although limited, was hailed as a model for other countries hoping to win similar relief from Mr. Trump.
Under the deal, announced on May 8, Mr. Trump agreed to eliminate the U.S.’s 25-per-cent tariff on imports of British steel and aluminum. The President also agreed to cut the U.S. tariff on British cars from 27.5 per cent to 10 per cent, but only on 100,000 imported vehicles per year. The U.K. and U.S. also moved to improve market access for beef imports.
However, a baseline U.S. tariff of 10 per cent on imports of …