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US and UK say they’ve cemented a trade agreement that Trump calls fair for both nations

  • At the G7 summit on Monday, U.S. President Trump and UK Prime Minister Keir Starmer finalized a trade agreement aimed at lowering tariffs on British automobile and aerospace products.
  • The deal follows a framework agreed in May which spared the UK from the global doubling of metals tariffs to 50%, though steel tariffs remain at 25% pending further negotiation.
  • The agreement cuts car tariffs from 27.5% to 10% up to 100,000 vehicles per year and exempts UK aerospace from a 10% U.S. levy, while work continues on steel tariff details.
  • Starmer described the agreement as an important milestone benefiting both nations, while Trump highlighted the deal’s completion and its positive impact on employment and earnings.
  • The UK committed to meet U.S. supply chain security requirements for steel and aluminum exports, with ongoing efforts to implement the deal and resolve steel tariff issues.
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Uncertainty continues over steel tariffs after Trump deal

The promised elimination of steel and aluminium tariffs was not part of the measures announced by Donald Trump during a meeting with Sir Keir Starmer.

·London, United Kingdom
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Portfolio.hu broke the news in on Monday, June 16, 2025.
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