U.S. President Donald Trump and British Prime Minister Keir Starmer announced a significant trade deal at the G7 summit, aimed at slashing tariffs on U.K. auto and aerospace imports. Despite an awkward rollout, Trump proclaimed the agreement a "fair deal" that would create numerous jobs and boost income. While the deal fully covers British cars and aerospace products, discussions continue regarding U.K. steel tariffs. This achievement is crucial as Trump has previously threatened global trade tariffs, contributing to an unstable market environment.
Trump insisted the pact is "a fair deal for both" and would "produce a lot of jobs, a lot of income."
Starmer said it meant "a very good day for both our countries, a real sign of strength."
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