Trump, Starmer Sign US-UK Deal Cutting Auto, Aerospace Tariffs Excluding Steel

At the G7 summit in Canada, U.S. President Donald Trump and British Prime Minister Keir Starmer signed a trade deal primarily reducing tariffs on U.K. auto and aerospace industry imports, with aerospace products now exempt from U.S. tariffs and auto tariffs lowered from 25% to 10%. However, the deal did not resolve tariffs on U.K. steel and aluminum, which remain at 25%, due to complexities in verifying the origin of the steel, and further negotiations on this issue are expected. The agreement was hailed by Starmer as a historic boost for trade and welcomed by industry leaders like Jaguar Land Rover, which paused U.S. shipments amid tariff concerns. Despite initial confusion during the announcement, both leaders emphasized the deal's fairness and its potential to create jobs and income. While the deal marks progress, critics note it falls short of a comprehensive U.S.-U.K. trade agreement, particularly regarding steel tariffs and broader market access. The pact also includes reciprocal access for beef exports without changes to U.K. food safety standards, signaling ongoing cooperation between the two nations.