Prime Minister Keir Starmer celebrated a trade deal with the US, offering UK carmakers a three-year tariff reprieve and safeguarding thousands of jobs. However, the deal did not benefit the steel, aluminium, or pharmaceutical sectors. The UK’s bioethanol industry faces collapse, with Vivergo Fuels shutting down, risking 160 jobs. The UK-US deal favors luxury car exports, benefiting companies like Jaguar Land Rover and Aston Martin. Aerospace also gains from the deal, eliminating tariffs on aircraft engines. The UK’s bioethanol industry, once vital, now faces uncertainty due to the trade agreement.

Read more at Yahoo Finance: UK hands bioethanol to the US while luxury cars cash in