US-UK Trade Deal Signed at G7 Summit

U.S. President Donald Trump and U.K. Prime Minister Keir Starmer officially signed a trade agreement at the G7 summit in Canada, marking the first such deal since the U.S. imposed broad tariffs earlier in the year. The agreement lowers tariffs on U.K. auto imports to 10% for the first 100,000 vehicles and eliminates tariffs on aerospace products, while keeping a 25% tariff on steel as negotiations continue. In return, the U.K. will boost purchases of U.S. goods, including Boeing jets, beef, and ethanol. Both leaders praised the deal as fair and key to job creation and economic growth. Further negotiations on steel and aluminum tariffs are ongoing. The agreement highlights the strong U.S.-U.K. relationship and sets a precedent for future trade agreements.