This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
The United Kingdom and the United States signed a trade agreement at the G7 summit, which is held in Canada, guaranteeing the elimination of American customs duties in the British aerospace sector and a reduction in rights imposed on the automotive industry, now set at 10 % against 25 % before.
The agreement, concluded between the British Prime Minister, Keir Starmer, and the American president, Donald Trump, on the summit site in Kananaskis, in Alberta, was presented as a major advance for both economies.
“It is a fair agreement for both parties. He will create many jobs and will generate income, “said Trump.
For his part, Mr. Starmer welcomed a day “very good for our two countries”, stressing that the text “implements” the price commitments on cars and aerospace and reflects “a real sign of strength”.
According to the British government, the two leaders have undertaken to “progress towards zero customs duties on the main steel products, as agreed” in the past.
In the meantime, the steel industry remains, for the moment, subject to American customs duties of 25 %, a rate, however lower than the overall rate of 50 % applied by Washington to steel and aluminum.
The two countries had been announced the conclusion of a trade agreement during a call between MM. Starmer and Trump in May, during which they had indicated that a consensus had been found, but that the details were being finalized.
