G7, Trump
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The U.S. and UK announced a trade deal as President Donald Trump and UK Prime Minister Keir Starmer signed an agreement at the G7 Summit in Canada, lowering certain tariffs and setting new quotas for British exports to the U.
The US president left the G7 summit in Canada one day early on Monday, prompting French President Emmanuel Macron to say Trump left to work on the Israel-Iran ceasefire deal. Trump denied this on his Truth Social platform.
The deal leaves intact Trump’s new 10% baseline tariffs, but allows limited exemptions from Trump’s 25% tariff on foreign-made cars and 50% tariffs on steel and aluminum.
As the G-7 summit in Canada begins, Trump avoids personal conflicts that shaped previous meetings, but his remarks make clear that his goals differ from other leaders.