On Tuesday, the United States announced a significant exemption for the United Kingdom from increased tariffs on steel and aluminum imports. This move came shortly after the British government declared that both countries had reached a mutual understanding on the urgent need to finalize a trade agreement aimed at reducing tariffs. President Donald Trump signed the statement exempting UK metals from the scheduled tariff hike, set to double to 50% for other nations starting June 4. This exemption underscores evolving trade relations between the US and the UK amid heightened global tariff tensions.