The US-UK trade deal has been signed and is ‘done’, US President Donald Trump has said after holding crunch talks with Sir Keir Starmer at the G7 summit.
The Prime Minister said the completed deal ‘implements on car tariffs and aerospace’, and described the agreement as a ‘sign of strength’ between Britain and America, with Trump saying it’s ‘fair’ for both nations.
Trump said the relationship with Britain was ‘just fantastic,’ as he waved, and briefly dropped, a document which he said he had just signed.
The US President told reporters in Canada ‘We signed it, and it’s done’, as he appeared to mistakenly say he had signed a ‘trade agreement with the European Union’ as he stood alongside Starmer.
He added: ‘It’s a fair deal for both. It’ll produce a lot of jobs, a lot of income.’
Starmer replied: ‘Donald, thank you very much. This now implements on car tariffs and aerospace.
‘A really important agreement. And so this is a very good day for both of our countries, a real sign of strength.’
Trump said the relationship with Britain was ‘just fantastic,’ as he waved, and briefly dropped, a document which he said he had just signed.
Starmer said the proclamation would implement agreements reached on automotive tariffs and aerospace, without providing any details.
The US-UK trade deal has been signed and is ‘done’, US President Donald Trump has said after crunch talks with Sir Keir Starmer US at the G7 summit in Canada
Trump told reporters in Canada ‘We signed it, and it’s done’, as he appeared to mistakenly say he had signed a ‘trade agreement with the European Union’ as he stood alongside Starmer
Starmer said the proclamation would implement agreements reached on automotive tariffs and aerospace, without providing any details
In recent months, the UK has held a series of engagements aimed at securing a reduction in the tariffs Mr Trump imposed on Britain and the rest of the world on April 2.
Along with 10 per cent tariffs on all British goods, the president imposed 25 per cent levies on cars and steel.
He later increased the tariff on steel to 50 per cent, but gave the UK a reprieve, keeping its rate at 25 per cent until at least July 9.
Under the broad terms of last month’s agreement, the US will implement quotas that will effectively eliminate the tariff on British steel and reduce the tariff on UK vehicles to 10 per cent.
But it did not immediately take effect, leaving British businesses uncertain about whether the UK could be exposed to any surprise hikes from Trump.
When asked, Trump would not say whether British steel would still be subject to tariffs in future.
Asked if steel tariffs would be set to 0 per cen for the UK, the US President replied: ‘We’re gonna let you have that information in little while.’
However, Trump did say that the UK was ‘very well protected’ when questioned over whether Britain would be protected from any future tariffs.
Trump said the relationship with Britain was ‘just fantastic,’ as he waved, and briefly dropped, a document which he said he had just signed
Trump drops papers as he meets with Starmer on the sidelines of the G7 Summit
Asked whether he could guarantee the country would be protected from any further levies, the US president told reporters in Canada: ‘The UK is very well protected, you know why? Because I like them.’
Prior to the meeting, the Prime Minister said that the agreement was top of the agenda when he sat down with Trump.
He insisted the deal would be done ‘very soon’ amid reluctance on the US side to sign off the finished version of a framework unveiled six weeks ago.
This is a breaking news story. More to follow.
