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Rolls-Royce engines tariff-free after deal
Burton Mail
|May 13, 2025
SHARES JUMP 4% AS COMPANY IS GIVEN 'SPECIAL TREATMENT'
ROLLS-ROYCE share prices rose sharply after U.S. commerce secretary Howard Lutnick revealed that the company's engines and parts will be excluded from tariffs as part of the US-UK trade deal.
The devil is in the detail, but it seems that a $10 billion deal is being done that means the UK will buy Boeing planes in return for the Rolls-Royce engine tariff exemption, which could be a boost for Derby.
Mr Lutnick said: "We've agreed to let Rolls-Royce engines and those kind of plane parts come over tariff-free. What you're going to hear is there's going to be an announcement that the UK are buying ten billion worth of Boeing planes later today.
This story is from the May 13, 2025 edition of Burton Mail.
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