**President Trump and Prime Minister Starmer announce the conclusion of negotiations aimed at reducing tariffs on British goods, marking a significant step forward for both economies.**
**U.S. and U.K. Finalize Trade Agreement, Lowering Tariffs on Key Goods**
**U.S. and U.K. Finalize Trade Agreement, Lowering Tariffs on Key Goods**
**Agreement signed at G7 Summit enhances trade between the nations**
In a pivotal move for transatlantic trade relations, President Trump and U.K. Prime Minister Keir Starmer announced the finalization of a trade agreement that will lower tariffs on British cars, steel, aluminum, and aerospace equipment. The agreement, revealed during the Group of 7 summit in Canada, comes after months of negotiations and is celebrated as a considerable achievement for both leaders.
Under the new terms, Trump has signed an executive order reducing the U.S. tariff on British automobiles from 25% to 10%. Furthermore, it will allow a quota of British steel and aluminum to enter the U.S. without incurring tariffs, thus facilitating British exports into the American market.
Following the announcement, Trump enthused about Starmer's negotiation prowess, claiming, “He’s done a very, very good job. You know, he’s done what other people — they’ve been talking about this deal for six years.” In response, Starmer characterized the deal as “really important,” expressing that it marked a positive turning point for U.K.-U.S. relations.
While specific quotas for British steel imports are awaited from the U.S. Commerce Department, the arrangement is seen as a strategic counter to the recently increased tariffs on foreign steel, which Trump raised to 50% earlier this month. On whether tariffs on British steel would ultimately reach zero, Trump teased that further information would be disclosed soon.
This new agreement is expected to bolster British aerospace manufacturers and stimulate trade, reinforcing the nations’ economic ties. Appearing alongside Trump, Starmer emphasized the significance of this deal, calling it “a very good day” for both countries, which are looking to enhance their collaborative efforts in the wake of global economic challenges.
Under the new terms, Trump has signed an executive order reducing the U.S. tariff on British automobiles from 25% to 10%. Furthermore, it will allow a quota of British steel and aluminum to enter the U.S. without incurring tariffs, thus facilitating British exports into the American market.
Following the announcement, Trump enthused about Starmer's negotiation prowess, claiming, “He’s done a very, very good job. You know, he’s done what other people — they’ve been talking about this deal for six years.” In response, Starmer characterized the deal as “really important,” expressing that it marked a positive turning point for U.K.-U.S. relations.
While specific quotas for British steel imports are awaited from the U.S. Commerce Department, the arrangement is seen as a strategic counter to the recently increased tariffs on foreign steel, which Trump raised to 50% earlier this month. On whether tariffs on British steel would ultimately reach zero, Trump teased that further information would be disclosed soon.
This new agreement is expected to bolster British aerospace manufacturers and stimulate trade, reinforcing the nations’ economic ties. Appearing alongside Trump, Starmer emphasized the significance of this deal, calling it “a very good day” for both countries, which are looking to enhance their collaborative efforts in the wake of global economic challenges.
