Trump, Starmer Sign US-UK Trade Deal at G7

President Donald Trump and UK Prime Minister Keir Starmer have officially signed a new US-UK trade deal on the sidelines of the G7 summit in Canada, following a provisional agreement reached in May. The deal significantly reduces tariffs on cars and aerospace products, while the fate of steel tariffs remains uncertain due to ongoing negotiations about whether to cut them to zero. Trump stated that Britain is 'very well protected' from future US tariffs but did not fully rule out possible tax hikes on UK steel, leaving some uncertainty for British businesses. The agreement has led to a modest rise in major stock indices and renewed interest in financial and cryptocurrency markets. Starmer emphasized the deal's importance for jobs and critical sectors, calling it a 'very good day' for both countries. The agreement is now entering its final implementation phase, with both governments expecting completion soon.