ADDS DETAILS ON DEAL PROVIDED BY WHITE HOUSE
By Michael Hernandez
WASHINGTON (AA) - The US and UK announced the signing of a new trade agreement Monday that President Donald Trump hailed as being "fair" for both countries.
Trump said the agreement will "produce a lot of jobs, a lot of income, and we have other many, many other ones coming" as he further lauded his personal relationship with UK Prime Minister Keir Starmer.
Starmer said the agreement concerns car tariffs and aerospace, hailing it as "really important" and saying it has been "implemented."
"This is a very good day for both of our countries, a real seismic moment, so thank you again, Donald, a really important day for both of us," Starmer said after meeting with Trump on the sidelines of the G7 summit in Canada.
The announcement of the deal comes after Trump and Starmer announced in May the signing of a framework trade agreement that was meant to "outline a historic trade deal that provides American companies unprecedented access to British markets while bolstering the national security and economy of the United States."
An executive order signed by Trump said the finalized agreement would include provisions for increased market access for American agricultural exports, particularly beef and ethanol, as well as other products.
"In addition, the United Kingdom will reduce or eliminate numerous non-tariff barriers that unfairly discriminate against American products, hurt the United States’ manufacturing base, and threaten the national security of the United States," the order said.
Negotiations over steel and aluminum would continue, however, after Trump imposed a global 50% tariff on the imports, citing national security concerns.