US-UK Trade Deal Reduces Car,Aerospace Tariffs Steel Tariffs Pending

President Donald Trump signed an executive order reducing tariffs on UK car and aerospace exports following a meeting with British Prime Minister Keir Starmer at the G7 Summit, marking a significant step in the UK-US trade deal announced earlier. The agreement lowers car tariffs to 10% on up to 100,000 vehicles and eliminates aerospace tariffs, but steel and aluminum tariffs remain at 25% pending further negotiations, largely due to concerns over British Steel's Chinese ownership and supply chain security. The UK government is exploring nationalization options for British Steel to meet US security demands and secure tariff reductions. Trump and Starmer emphasized the strength of the bilateral relationship, with Trump acknowledging the personal rapport aiding progress, while other countries like Japan struggled to reach similar deals at the summit. The deal also includes reciprocal tariff reductions from the UK on US goods such as beef and ethanol, and Britain is the first country to secure a trade deal with Trump in this manner. The full implementation of tariff quotas on metals depends on the UK demonstrating supply chain security, with details still being finalized.