US, UK Sign Trade Deal Excluding Steel Tariffs Amid Ongoing Talks

U.S. President Donald Trump and British Prime Minister Keir Starmer signed a trade deal at the G7 summit that reduces tariffs on British cars and aerospace imports, with car tariffs dropping from 27.5% to 10% and aerospace products facing no U.S. tariffs. However, the deal notably excludes steel tariffs, leaving UK steelmakers subject to a 25% tariff, which is lower than the global 50% tariff imposed by the Trump administration but still a significant concern for the UK steel industry. Both leaders pledged to work towards eliminating tariffs on core steel products, but steel unions and industry representatives have stressed the urgency of securing a full exemption to avoid job losses and business uncertainty. The UK government and steelmakers like Tata Steel continue negotiations to ensure tariff-free access to the U.S. market for steel exports. The trade agreement marks progress in U.S.-UK relations amid Trump's broader global tariff policies, but British businesses remain cautious about potential tariff fluctuations. Trump emphasized that the UK is well protected because of his favorable view toward the country, and negotiations on steel tariffs are expected to continue soon.