Trump, Sunak Sign US-UK Trade Deal at G7

At the G7 summit in Italy, President Donald Trump and British Prime Minister Rishi Sunak signed a new US-UK trade deal, marking the first bilateral trade agreement following Trump's imposition of reciprocal tariffs earlier in the year. During the outdoor announcement, Trump accidentally dropped the signed document, which Sunak promptly retrieved, creating a lighthearted moment between the leaders. Trump also mistakenly referred to the agreement as being with the European Union instead of the United Kingdom, contributing to the event's memorable nature. The deal exempts approximately 100,000 UK-made cars from the new 25% US tariff, applying a lower 10% rate, and includes quotas for steel and aluminum tariffs as well as provisions for aerospace. Both leaders emphasized the agreement's benefits for job creation and stronger economic ties, although regulatory specifics on agricultural imports such as meat and ethanol fuel were not detailed. The trade pact is expected to be implemented by the end of June.