Trump, Keir Starmer and Trade Deal
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UK Prime Minister Keir Starmer and US President Donald Trump announced they had inked the deal at the Group of Seven Summit.
President Donald Trump and British Prime Minister Keir Starmer signed a bilateral trade agreement Monday at the G7 Summit, formally reducing tariffs on select sectors while leaving critical steel and aluminum import quotas undetermined.
The deal leaves intact Trump’s new 10% baseline tariffs, but allows limited exemptions from Trump’s 25% tariff on foreign-made cars and 50% tariffs on steel and aluminum.
The UK does not need to push out British Steel’s Chinese owners in order to cut a deal to reduce US tariffs on steel, Prime Minister Keir Starmer said.