Overview
- The agreement signed at the G7 summit eliminates US tariffs on British aerospace products and reduces car levies from 27.5% to 10%.
- Steel exports remain subject to a 25% tariff as both governments pursue further negotiations toward zero duties on core products.
- London will admit up to 13,000 metric tons of US beef and ethanol annually under reciprocal quotas that must meet UK food safety standards.
- President Trump praised Prime Minister Starmer’s success in finalising the pact and said the UK is shielded from future tariffs “because I like them.”
- The AUKUS nuclear submarine programme between the UK, US and Australia continues to advance despite Washington’s ongoing review of the agreement.