Keir Starmer and Donald Trump have finalized a UK-US trade deal at the G7 summit in Canada, with Trump assuring protection for Britain against future tariffs due to his favorable stance towards the UK. The agreement, unveiled at the G7 venue in Kananaskis, Alberta, focuses on the aerospace and auto sectors. Notably, the UK aerospace industry will be tariff-free while the auto sector will see reduced tariffs from 25% to 10%. However, the steel industry still faces 25% tariffs, with ongoing concerns regarding the ownership of British Steel by Jingye Group and its implications on circumventing US tariffs.

Despite initial uncertainties, the trade deal signifies a significant achievement, especially as it received enthusiastic endorsement from Trump, who mistakenly referred to it as an agreement with the EU. The positive rapport between Starmer and Trump was evident, with Trump commending Starmer’s efforts in finalizing the deal efficiently. The warm exchange between the leaders highlighted their growing friendship and partnership, despite their differing political ideologies.

Furthermore, discussions at the G7 summit included Starmer’s push for new sanctions against Russia and efforts to address the conflict between Iran and Israel. Downing Street also hinted at forthcoming sanctions on Moscow to escalate pressure until a ceasefire agreement is reached. Overall, the successful trade agreement and diplomatic efforts at the G7 summit reflect a significant step towards enhancing UK-US relations and addressing global challenges.