US, UK Finalize Major Trade Deal at G7 Summit

President Donald Trump and UK Prime Minister Keir Starmer finalized a significant US-UK trade deal at the G7 summit in Canada, emphasizing the strengthening of bilateral economic ties. The agreement notably reduces tariffs on UK car imports from 25% to 10%, eliminates tariffs on aerospace products, and includes commitments to negotiate lower tariffs on pharmaceuticals and steel, although steel tariffs remain at 25% for now. Trump highlighted the deal's potential to create jobs and income, expressing enthusiasm for future trade agreements while assuring the UK of protection from future tariffs. The deal also provides increased market access for American agricultural exports like beef and ethanol, contingent on food safety standards. During the announcement, a lighthearted moment occurred when Trump accidentally dropped the trade agreement document, which Starmer promptly picked up. Overall, the deal represents a strategic victory for both nations, reinforcing their partnership and cooperation on trade and national security supply chains.