UK-US trade deal signed and is 'done' after Trump met with Starmer at G7 summit
The Prime Minister said the completed deal 'implements on car tariffs and aerospace', and described the agreement as a 'sign of strength' between Britain and America.
The UK-US trade deal has been signed and is 'done', US President Donald Trump said as he met with Sir Keir Starmer at the G7 summit.
The Prime Minister said the completed deal 'implements on car tariffs and aerospace', and described the agreement as a 'sign of strength' between Britain and America.
In recent months, the UK has held a series of engagements aimed at securing a reduction in the tariffs Mr Trump imposed on Britain and the rest of the world on April 2.
Along with 10% tariffs on all British goods, the president imposed 25% levies on cars and steel.
Join the Daily Record WhatsApp community!
Get the latest news sent straight to your messages by joining our WhatsApp community today.
You'll receive daily updates on breaking news as well as the top headlines across Scotland.
No one will be able to see who is signed up and no one can send messages except the Daily Record team.
All you have to do is click here if you're on mobile, select 'Join Community' and you're in!
If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'.
We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like.
To leave our community click on the name at the top of your screen and choose 'exit group'.
Under the broad terms of last month's agreement, the US will implement quotas that will effectively eliminate the tariff on British steel and reduce the tariff on UK vehicles to 10%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
5 minutes ago
- The Independent
Judge deems some of Trump's National Institutes of Health grant cuts illegal
Donald Trump's administration broke the law when it terminated more than $1 billion in medical research grants the president claimed were linked to "DEI", a federal court has ruled. In a blistering judgement issued on Monday, District Judge William Young — a Reagan appointee — said he had "never seen a record where racial discrimination was so palpable" in his 40 years as a jurist. He ordered the government to immediately reinstate numerous National Institutes of Health research grants canceled as part of Trump's war against any program perceived to favor people of color, transgender people, or other minorities. "You are bearing down on people of color because of their color," Young told the defendants. "The Constitution will not permit that... have we fallen so low? Have we no shame?' The lawsuit blocks a small portion of the 2,100 research grants that Trump has canceled — representing a total of about $9.5bn in funding — with other grants to be decided later. A spokesperson for the Department of Health and Human Services, NIH's parent agency, said it was "exploring all legal options" and might appeal the judgement. "HHS stands by its decision to end funding for research that prioritized ideological agendas over scientific rigor and meaningful outcomes for the American people,", the spokesperson said. Judge Young's ruling concerned two separate lawsuits that were heard together, one by a coalition of academic researchers and unions led by the American Public Health Association and one by a group of Democrat-led states. The scientists' lawsuit argued that NIH had violated its usual science-based review process, as well as federal regulations and specific orders from Congress to fund research into health disparities. The grants varied widely in topic, from cardiovascular health through alcohol abuse in minors to the differing impact of certain medications on different racial groups. The Trump administration has claimed that it is slashing "DEI" initiatives because they discriminate against other Americans by unfairly privileging minorities. In court, Trump's lawyers said that the NIH's grant cuts were "sufficiently reasoned" and that the agency has "broad discretion" to offer or rescind grants "in alignment with its priorities". But Judge Young held that although the Trump administration had a legal right to "extirpate affirmative action" if it saw fit, the grant cancelations had been "arbitrary and capricious" and broken government rules.
Reuters
9 minutes ago
- Reuters
India equity benchmarks set for muted open after Trump's Tehran warning
June 17 (Reuters) - India's benchmark indexes are set for a muted open on Tuesday, as investors adopt a cautious stance following U.S. President Donald Trump's call to evacuate Tehran amid escalating Israel-Iran tensions. The Gift Nifty futures were trading at 24,960 as of 8:02 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near Monday's close of 24,946.5. U.S. stock futures slipped and oil prices rose on Tuesday, as the fifth day of Israel-Iran fighting heightened fears of a broader regional conflict. Trump cut short his attendance at the Group of Seven summit in Canada, citing mounting tensions in the Middle East. He also reiterated that Iran should have agreed to a nuclear deal with the United States. India's equity benchmarks rebounded in the previous session, lifted by gains in heavyweight IT and financial stocks, even as geopolitical worries lingered. Foreign portfolio investors (FPI) remained net sellers of Indian shares for the fourth straight session on Monday, with outflows amounting to 25.39 billion rupees ($295.9 million). Domestic institutional investors continued to be net buyers for the 20th straight session. "Evolving geopolitical developments and oil price trends will be key drivers for domestic equities in the near term," said Satish Chandra Aluri, analyst at Lemonn Markets Desk. ** Mphasis ( opens new tab enters into a strategic deal with Sixfold to enhance insurance underwriting capabilities through integration of advanced AI platform ** Hyundai Motor India ( opens new tab commences production of passenger vehicle engines at Talegaon plant in Maharashtra ** Hikal ( opens new tab says its unit in Bengaluru has successfully passed the Brazilian Health Regulatory Agency's good manufacturing process audit for pharma inputs ** Godrej Properties ( opens new tab acquires land in Pune for a project with a revenue potential of 31 billion rupees ($1 = 85.8180 Indian rupees)
South Wales Argus
17 minutes ago
- South Wales Argus
‘Evacuate Tehran' – Trump issues warning as he departs G7 leaders summit early
The conflict between Israel and Iran has been top of the agenda at the summit of wealthy democracies, taking place in Canada. In a post on Truth Social on Monday, Mr Trump criticised Iran for refusing to agree to a nuclear deal with his administration. "Iran should have signed the 'deal' I told them to sign. What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!" –President Donald J. Trump — The White House (@WhiteHouse) June 16, 2025 'What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON,' he wrote. 'I said it over and over again! Everyone should immediately evacuate Tehran!' He later added: 'AMERICA FIRST means many GREAT things, including the fact that, IRAN CAN NOT HAVE A NUCLEAR WEAPON. MAKE AMERICA GREAT AGAIN!!!' A new round of nuclear talks scheduled for the weekend between the US and Iran were cancelled after Israel's missile strikes. Later on Monday, White House press secretary Karoline Leavitt announced on X that Mr Trump would be leaving the summit early, following a dinner with heads of state. 'Much was accomplished, but because of what's going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State,' she said. Downing Street declined to comment on Mr Trump's early exit. Iran said at least 224 people had been killed in the country since strikes began on Friday, while Israeli officials said 24 people had been killed and more than 500 injured. The back-and-forth between Israel and Iran has raised concerns about all-out war between the rival nations. The latest conflict kicked off on Friday, when Israel launched an attack on top Iranian military leaders and the country's nuclear programme. Iran retaliated by firing waves of missiles at Israel. It comes after Sir Keir Starmer urged British nationals in Israel to register their presence there as countries step up efforts to bring back stranded citizens. The Foreign Office has advised against all travel to Israel, but Britons already in the country now face difficulties getting home, with the airspace closed due to the conflict with Iran. The Prime Minister said the UK was issuing advice for British citizens in Israel to register their presence. 'All of us are giving advice to our citizens for British nationals in Israel, we're giving advice today to register their presence, so there will be a portal for that,' he said. Downing Street said its key message to British nationals in Israel was to stay near shelter and follow the advice of local authorities.
