Trump Slashes UK Tariffs by 60% in Surprise G7 Deal

President TRUMP and UK leader Keir Starmer finalized a landmark trade agreement at the G7 summit, slashing British car tariffs from 25% to 10% for the first 100,000 vehicles annually and eliminating aerospace tariffs entirely. The deal provides critical relief to UK manufacturers like Jaguar Land Rover, which had paused US shipments amid tariff uncertainty.

While the agreement marks progress in US-UK trade relations, steel tariffs remain unresolved due to concerns over Chinese ownership of British Steel. This partial resolution creates lingering uncertainty for the broader manufacturing sector.

The tariff reductions could indirectly benefit cryptocurrency markets by improving risk sentiment in traditional markets. However, the news contains no direct crypto market implications as neither digital assets nor blockchain policy were addressed in the agreement.