Trump, Keir Starmer Strike G7 Trade Deal of the UK: Aerospace Rates Speed, Auto Quota Set – Stout, Aluminum Still in Limbo – Ford Motor (NYSE: F), Boeing (NYSE: BA)

President Donald Trump and the British Prime Minister Keir Starmer Signed a bilateral trade agreement on the G7 top on Monday, so that the rates for selected sectors are formally reduced, while critical steel and aluminum import quota are left indefinitely.

What happened: The deal eliminates rates for the export of the VK -Space Vail and confirms automotive quota again, but steel and aluminum remain subject to a hanging commerce department review, Reuters reported.

Commercial Howard Lutnick Quota levels will determine the import of British steel exempt from 25% rates, depending on the British security demonstrations for supply chains and production facilities.

“We signed it and it’s done,” Trump said, with the signed document. Starmer called it “a very good day for both countries, a real sign of strength.”

The agreement grants British car manufacturers an annual quota of 100,000 vehicles at 10% rate rates, considerably below 25% imposed on other countries.

See also: Trump leaves G7 Summit early with reference to ‘obvious reasons’ in the midst of escalating Iran-Israel conflict: gold, Oil-ETF’s spike in after-hours trade

Why it matters: Large British manufacturers, including Rolls-Royce Holdings And Aston Martin, benefit from the car obligations, while General Motors Co. GM” Ford Motor Co. FAnd Stellantis NV Tension have previously criticized the preferential treatment of the deal.

The space sector eliminates all rates for British parts and aircraft below the executive order. Great -Britain avoided the 50% steel and aluminum rates imposed on other countries earlier this month, but from July 9 without this agreement were confronted with potential increased rates.

Critical negotiations for the pharmaceutical sector remain underway. British trade secretary Jonathan Reynolds Both countries are looking for “significant preferential results” for medicines, while according to the report, research rates protects against further research rates of section 232.

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