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 that a new US-UK trade deal is "done" as the two leaders met at the G7 summit.

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.

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.

He later increased the tariff on steel to 50%, but gave the UK a reprieve, keeping its rate at 25% until at least July 9.

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%.

Trump would not say whether British steel would still be subject to tariffs in the future.Asked if steel tariffs would be set to 0% for the UK, the US president replied: "We're gonna let you have that information in little while."

As the pair exited a mountain lodge in the Canadian Rockies where the summit is being held, Trump held up a physical copy of the trade agreement to show reporters.

Several leaves of paper fell from the binding, and Starmer quickly stooped to pick them up, saying: “A very important document.”

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