The recent trade deal marks a triumph in U.S.-UK negotiations, poised to reshape tariffs and enhance economic ties.
Trump and Starmer Finalize Key Tariff Cuts in New Trade Agreement
Trump and Starmer Finalize Key Tariff Cuts in New Trade Agreement
U.S.-UK leaders make significant progress on car, steel, and aerospace tariffs, reflecting a pivotal moment for trade relations.
June 16, 2025 - In a landmark development, President Donald Trump and Britain's Prime Minister Keir Starmer announced on Monday that they have officially concluded their trade agreement, focusing on the reduction of tariffs concerning British automobiles, steel, and aerospace products. This comes after a preliminary deal was established last month, leading to British officials celebrating this new accord as a monumental victory.
At the G7 summit in Canada, Trump unveiled an executive order transitioning U.S. tariffs on British cars from 25 percent down to 10, and permitting a specific volume of British steel and aluminum to enter the United States sans tariffs. The agreement also includes reduced tariffs on select aircraft components, which British aerospace manufacturers anticipate will significantly benefit from.
"We just completed the signing and it’s official,” Trump told journalists, lauding Starmer’s negotiating prowess. “He’s done a tremendous job, finalizing something others have discussed for years.” Prime Minister Starmer, standing alongside the U.S. leader, echoed Trump’s sentiment, stating, “Today marks a notable achievement.”
Recently, the White House confirmed that the Commerce Department would outline specific quotas for the quota-exempt British steel entering the U.S. under the new agreement initiated in May. Earlier this month, tariffs on all foreign steel products were raised to 50 percent. When queried about whether the tariffs on British steel would eventually reach zero, Trump hinted, “We will share more detailed information shortly.”
At the G7 summit in Canada, Trump unveiled an executive order transitioning U.S. tariffs on British cars from 25 percent down to 10, and permitting a specific volume of British steel and aluminum to enter the United States sans tariffs. The agreement also includes reduced tariffs on select aircraft components, which British aerospace manufacturers anticipate will significantly benefit from.
"We just completed the signing and it’s official,” Trump told journalists, lauding Starmer’s negotiating prowess. “He’s done a tremendous job, finalizing something others have discussed for years.” Prime Minister Starmer, standing alongside the U.S. leader, echoed Trump’s sentiment, stating, “Today marks a notable achievement.”
Recently, the White House confirmed that the Commerce Department would outline specific quotas for the quota-exempt British steel entering the U.S. under the new agreement initiated in May. Earlier this month, tariffs on all foreign steel products were raised to 50 percent. When queried about whether the tariffs on British steel would eventually reach zero, Trump hinted, “We will share more detailed information shortly.”
