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US and UK say they’ve cemented a trade agreement that Trump calls fair for both nations

  • At the G7 summit held in the Canadian Rockies, U.S. President Trump and the U.K.’s Prime Minister Starmer finalized a trade agreement.
  • The deal followed a framework agreement from May and aims to slash tariffs on U.K. autos and aerospace imports while excluding a final steel tariff resolution.
  • The deal eliminates U.S. import taxes on aerospace goods from the U.K. and establishes a 10% tariff on British cars, applicable up to an annual limit of 100,000 vehicles.
  • Trump announced, "We just signed it, and it's complete," while Starmer described the occasion as a positive milestone highlighting the strong partnership between the two nations.
  • While steel tariffs remain at 25%, both sides pledged to work toward 0% tariffs, reflecting concerns about supply chains and steel industry security.
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Portfolio.hu broke the news in on Monday, June 16, 2025.
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