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.
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.
Collection
[
|
...
]