ExecutiveOrdersEO
EO 14309Executive OrderTrump 47 · R Quiet signal

Executive Order 14309

Implementing the General Terms of the United States of America-United Kingdom Economic Prosperity Deal

TradeTradeEconomy & LaborEconomy & LaborDefense & SecurityDefense & Security

In simple terms

This executive order implements a U.S.-UK trade deal by establishing a 100,000-vehicle annual tariff-rate quota for UK automobiles at 10% combined tariff (down from 25%), eliminating tariffs on UK aerospace products under the WTO civil aircraft agreement, and authorizing future tariff-rate quotas for UK steel and aluminum contingent on UK supply chain security actions. The order modifies existing Section 232 tariffs while maintaining emergency trade authorities.

Federal Register Open PDF 90 FR 26419

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 90 FR 26419

    Federal Register PDF

  3. Automobile tariff-rate quota effective; Secretary must publish HTSUS modification notice

  4. Aerospace tariff elimination effective upon Federal Register notice publication

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

AutosSteel & aluminumAerospaceAgriculturePharma

Mechanisms

TariffQuotaSubsidy / incentive

Role pressure

  • MixedImporter — UK auto importers get reduced 10% tariff within quota but face 25% above quota; UK aerospace gets tariff elimination; steel/aluminum benefits uncertain and conditional
  • MixedDomestic producer — U.S. auto parts suppliers may benefit from UK parts integration; U.S. steel/aluminum producers face potential quota competition if UK meets conditions; U.S. aerospace gains tariff-free UK market access
  • ProtectiveTrading-partner exporter — UK gains preferential auto quota, aerospace elimination, and potential steel/aluminum quota contingent on compliance; agricultural exporters (beef, ethanol) get increased market access

Geographies

USUK

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

EADSYAirbusAAAlcoaADMArcher Daniels MidlandBABoeingBGBungeCATCaterpillarCENXCentury AluminumCLFCleveland-CliffsCTVACortevaLLYEli LillyFFordGEGE AerospaceGMGeneral MotorsHONHoneywellHYMTFHyundai MotorJNJJohnson & JohnsonLMTLockheed MartinMRKMerckNOCNorthrop GrummanNVSNovartisNUENucorPFEPfizerRTXRTXSTLAStellantis

Confidence: medium · Policy alerts

Key directives

  • Establish annual tariff-rate quota of 100,000 UK automobiles at 10% combined tariff (7.5% + 2.5% MFN)
  • Reduce UK automotive parts tariffs to 10% for use in UK automobiles
  • Eliminate tariffs on UK civil aircraft products under WTO Agreement on Trade in Civil Aircraft
  • Authorize future tariff-rate quotas for UK steel and aluminum contingent on UK actions
  • Direct Secretary of Commerce to publish HTSUS modification notice within 7 days of Federal Register publication

Who is ordered

Prior policy

  • otherProclamation 10908 (automobile tariffs)
  • otherProclamation 9704 (aluminum tariffs)
  • otherProclamation 9705 (steel tariffs)
  • otherExecutive Order 14257 (reciprocal tariffs)

Related orders

What to expect

Immediate

  • Automobile tariff-rate quota effective 7 days after Federal Register publication
  • Aerospace tariff elimination upon Federal Register notice publication
  • Secretary of Commerce must publish HTSUS modification notice within 7 days of Federal Register publication

Near term (90d)

  • Automotive parts tariff reduction to 10% upon Federal Register notice
  • Monitoring of UK compliance with steel/aluminum supply chain security requirements

Long term

  • Potential steel tariff-rate quota establishment (timing at Secretary's discretion)
  • Potential aluminum tariff-rate quota establishment (timing at Secretary's discretion)
  • Pharmaceutical preferential treatment negotiations contingent on Section 232 investigation findings
  • Structured approach to future Section 232 investigations with UK

Risks & tensions

  • Steel and aluminum quota timing is discretionary and contingent on UK actions—uncertain if/when implemented
  • Pharmaceutical provisions are contingent on unfinished Section 232 investigation
  • UK compliance with supply chain security standards is a condition precedent for steel/aluminum benefits
  • Potential tension with U.S. steel/aluminum domestic producers who may oppose quota liberalization
  • Automotive quota of 100,000 vehicles may be binding constraint given UK export capacity
Executive Order 14309: Implementing the General Terms of the United States of America-United Kingdom Economic Prosperity Deal · Executive Orders