
US-UK trade deal has been signed and is 'done', US president Donald Trump says
British prime minister Keir Starmer and US president Donald Trump have announced a new UK-US trade deal is "done" as the two leaders met at the G7 summit.
The US-UK trade deal has been signed and is "done", Trump has said.
Trump told reporters in Canada 'We signed it, and it's done', as he confirmed the UK-US trade deal had been signed.
Trump appeared to mistakenly say he had signed a 'trade agreement with the European Union' as he stood alongside Starmer.
He added: 'It's a fair deal for both. It'll produce a lot of jobs, a lot of income.'
Starmer replied: 'Donald, thank you very much. This now implements on car tariffs and aerospace. A really important agreement. And so this is a very good day for both of our countries, a real sign of strength.'

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)


Reuters
9 minutes ago
- Reuters
Shell CEO says local price index makes LNG Canada project attractive
KUALA LUMPUR, June 17 (Reuters) - Buyers are attracted to Shell's LNG Canada project because it uses the Canadian Alberta Energy Company (AECO) price index as a benchmark, which is lower than the Henry Hub price in the U.S., the company's chief executive said on Tuesday. "What is particularly attractive about LNG Canada in today's world, retrospectively, is the AECO indexation," Shell (SHEL.L), opens new tab CEO Wael Sawan said at the Energy Asia conference, adding that there will be more supply of AECO gas at lower prices. "And so that differential between AECO and Henry Hub, not to mention the proximity to Asia, all of that makes it a particularly attractive project, and it will be one of the lowest carbon projects anywhere in the world," he said. The AECO Storage Hub price on Monday was at 96.6 Canadian cents (71.4 U.S. cents) per million British thermal units, according to data from SNL Financial. That compares with a Henry Hub futures price of $3.746 per MMBtu. The LNG Canada project, the country's first LNG export facility, is expected to produce 14 million metric tons per annum (MTPA) for export. The plant is expected to produce first LNG this month. LNG Canada is a joint venture of Shell (SHEL.L), opens new tab, Petronas, PetroChina ( opens new tab, Mitsubishi Corporation (8058.T), opens new tab and Korea Gas.