A landmark UK–US trade agreement has officially been signed, with both nations declaring it a major step forward for transatlantic relations and economic growth.
US President Donald Trump confirmed the deal is “done” as he met with Prime Minister Sir Keir Starmer during the G7 summit held in the Canadian Rockies. “We signed it, and it’s done. It’s a fair deal for both sides. It’ll bring jobs, generate income – a win-win,” President Trump told reporters.
The agreement, seen as a breakthrough after years of negotiation, includes substantial tariff reductions on UK exports such as cars and aerospace products. Notably, tariffs on car imports to the US will be slashed from 27.5% to 10%, saving British manufacturers hundreds of millions annually and safeguarding tens of thousands of UK jobs.
Standing outside a mountain lodge, Mr Trump displayed the freshly signed documents. In a moment of levity, several pages came loose, prompting Sir Keir to retrieve them, remarking: “A very important document indeed.”
Sir Keir confirmed the signed agreement “implements a comprehensive cut in tariffs on aerospace and automotive goods,” adding: “This marks a very good day for Britain and America – it’s a powerful symbol of our enduring partnership.”
The UK government revealed that the US has pledged to eliminate the existing 10% tariffs on UK aerospace exports – including aircraft engines and parts – by the end of the month.
While car tariffs have seen a confirmed reduction, discussions around British steel exports remain ongoing. The UK continues to be exempt from the global 50% steel tariff, with current duties capped at 25%. The government stated it will “continue negotiations to reach 0% tariffs on core steel products,” aligning with broader efforts to enhance British industrial competitiveness.
The White House announced plans to implement a “most-favoured-nation” quota system for both steel and aluminium imports from the UK, reinforcing the strategic trade alignment between the two nations.
Key provisions of the agreement also include quotas on beef imports and exports, with the UK government reiterating that all US food imports must comply with stringent UK food safety regulations. Pharmaceutical tariffs remain unchanged for now, but negotiations will continue to ensure protection for the UK’s life sciences sector.
President Trump described Prime Minister Starmer as “a great leader” and applauded his ability to finalise the deal: “We’ve talked about this for six years – he’s done what others couldn’t.” Mr Trump quipped about their differing political stances, saying: “He’s a bit more liberal than me… but we get along.”
Sir Keir added: “We’ve made it work – this deal strengthens our economies and deepens a partnership built on shared values.”
