In a major announcement after their meeting at the Group of 7 summit in Canada, President Trump and British Prime Minister Keir Starmer have concluded their trade agreement aimed at reducing tariffs on specific British imports, including cars, steel, aluminum, and plane parts. The U.S. has reduced tariffs on British cars from 25% to just 10% and has opened access for a designated amount of British steel and aluminum without tariffs.
"This deal is done!" Trump exclaimed, recognizing Starmer's exceptional negotiation efforts contrasted against prior unsuccessful attempts to finalize an agreement for years. Starmer echoed the excitement, deeming the pact as "really important," marking a significant day for both nations.
The White House, however, pointed out that the Commerce Department still needs to determine how much British steel can enter the U.S. tariff-free. Trump has recently imposed a broader 50% tariff on foreign steel products and was non-committal when asked if tariffs on British steel would be entirely lifted. Nevertheless, this new deal signifies a hopeful trajectory in U.S.-U.K. trade relations.
"This deal is done!" Trump exclaimed, recognizing Starmer's exceptional negotiation efforts contrasted against prior unsuccessful attempts to finalize an agreement for years. Starmer echoed the excitement, deeming the pact as "really important," marking a significant day for both nations.
The White House, however, pointed out that the Commerce Department still needs to determine how much British steel can enter the U.S. tariff-free. Trump has recently imposed a broader 50% tariff on foreign steel products and was non-committal when asked if tariffs on British steel would be entirely lifted. Nevertheless, this new deal signifies a hopeful trajectory in U.S.-U.K. trade relations.
