"Under the new trade deal finalized at the G7 summit, the UK aerospace sector will face no tariffs from the US, reflecting a significant move towards open trade."
"While Trump's remarks suggested enthusiasm for the deal with the UK, he mistakenly referred to it as an agreement with the European Union, showcasing a slip amidst celebratory tones."
At the G7 summit in Canada, Keir Starmer and Donald Trump announced a new UK-US trade deal focusing on the aerospace and automobile sectors. The deal eliminates tariffs on UK aerospace products and reduces automobile tariffs from 25% to 10%. While the steel industry remains subject to a 25% tariff, both countries are committed to reducing it to 0% for core products in the future. Despite some confusion regarding the agreement's association with the EU, the deal reflects a growing bond between the UK and the US under the current leadership.
Read at www.theguardian.com
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