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

  • At the June 2025 G7 summit, U.S. President Trump and UK Prime Minister Starmer finalized a trade agreement that reduces tariffs on British automotive and aerospace products.
  • The deal builds on a framework agreed in May 2025, which aimed to prevent the UK from facing 50% US tariffs amid global tariff hikes and trade tensions.
  • While tariffs on autos will drop to 10% for up to 100,000 cars annually, US steel tariffs remain at 25%, with ongoing talks to reduce them, causing uncertainty for British steelmakers.
  • Starmer described the agreement as a strong indication of positive collaboration between the UK and the US, while Trump emphasized that the UK is well shielded from tariffs, with additional assurances from officials about the protection of key jobs and industries.
  • The agreement signals progress in UK-US economic ties but leaves steel tariff elimination unresolved, indicating further negotiations will be needed to secure full trade benefits.
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Uncertainty continues over steel tariffs after Trump deal

The promised elimination of steel and aluminium tariffs was not part of the measures announced by Donald Trump during a meeting with Sir Keir Starmer.

·London, United Kingdom
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Portfolio.hu broke the news in on Monday, June 16, 2025.
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