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President Donald Trump set to implement UK trade deal

MacDailyNews

Jun 16

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President Donald Trump holds a signed executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., April 2, 2025.

UK Prime Minister Keir Starmer is set to agree Monday with U.S. President Donald Trump to implement a trade deal announced last month to slash Amercian tariffs on key British exports and raise UK quotas on certain American agricultural products, Bloomberg News reports citing “people familiar with the matter.”

Ellen Milligan and Josh Wingrove for Bloomberg News:
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The two men will meet at the Group of Seven summit in Kananaskis, Canada to finalize the agreement, according to the people, who requested anonymity discussing matters that haven’t been publicly announced. A US official said a proclamation is ready for Trump to sign, while a UK official said the leaders were set to enact last month’s agreement.
For Starmer, completion of a deal sheltering key industries from more aggressive tariffs before other countries would be a vindication of his diplomatic approach of refusing to overtly criticize Trump. For the US president, it’ll be a signal that his tariff war is bearing fruit after winning UK concessions on agriculture.
While the two leaders announced the framework of a deal last month, the finer points were left to further negotiation, and nothing has yet been implemented. Under those initial terms, the US agreed to cut tariffs on cars imported from the UK to 10% from 27.5% for the first 100,000 vehicles each year, and drop levies on steel to zero from 25%. In return, the UK vowed to increase tariff-free quotas on US beef and ethanol.

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MacDailyNews Note: Earlier today, President Trump said a trade deal with Canada is also “achievable” as the 51st Group of Seven (G7) summit kicked off in Kananaskis, Alberta, Canada.

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