President Donald Trump today announced that he was cutting taxes on premium high-end British cars like Rolls-Royce, Bentley, and Jaguar. He said these cars are special since they are super expensive like $350K to $520K and only a few are made. They are not like normal cars you see everywhere; they are more rare and luxurious.Reduced automobile tariffs for UKAs part of the new U.S.-UK trade deal, Trump lowered the tariff on British cars brought into the U.S. from 25 per cent to 10 per cent. But this only applies to cars from the UK, and cars from other countries still have a 25 per cent tariff. Trump also agreed to lessen 25 per cent tax on steel that comes from the UK, as per a report on USA Today.Trump Justifies Rare UK Tariff cutsTrump justified the tariff break by explaining that British luxury cars like Rolls-Royce are “handmade” and built in the same location for many years. He noted that such brands do not produce vehicles on a large scale, distinguishing them from global car manufacturers that produce millions of vehicles. “It's a very special car, and it's very limited number, too,” said Trump, maintaining that while steep tariffs on automobiles are typically used to protect and revive the U.S. auto industry, luxury British cars are in a “different category” and do not pose a competitive threat to American manufacturers.Trump said that these kinds of tariff reductions will happen rarely in future trade deals, meaning this is a special case because of the type of cars and the UK’s help. As part of the deal, the UK said it’ll lower some taxes on stuff from the U.S., but they haven’t said exactly what yet. Trump said some parts of the deal are done, but they’re still figuring out the rest.In ongoing global trade negotiations Trump officials mentioned they are in substantive trade discussions with 17 countries, including the UK and China, which are set to start this weekend in Geneva.FAQsQ1. Why did Donald Trump lower taxes on UK luxury cars?A1. President Donald Trump cut taxes on luxury cars like Rolls-Royce because they are rare, expensive, and don’t compete with U.S. car manufacturers.Q2. What’s the tariff rate on regular cars?A2. The tariff on regular cars from other countries is still 25 per cent, unlike the lower tax for luxury UK cars.