The 51st G7 Leaders' Summit kicked off in Kananaskis, Canada, with President Donald Trump and Prime Minister Keir Starmer announcing a landmark trade agreement that cuts tariffs on autos, steel, aluminium, beef, and ethanol, strengthening economic ties between the US and UK.
At the summit, Trump called the relationship with Britain “fantastic” as he waved a signed document, stating, “We signed it and it’s done.”
Keir Starmer highlighted that the agreement covers auto tariffs and aerospace, calling it “a very good day for both of our countries.”
According to sources, the deal includes provisions on steel, ethanol, autos, and beef trade. The U.S. will set quotas allowing UK steel and aluminium imports to enter without facing the 25% U.S. steel tariff.
Britain, the first country to secure such tariff reductions from the Trump administration, will benefit from eased tariffs on autos, aluminium, and steel, while agreeing to lower tariffs on U.S. beef and ethanol imports. The deal prevented the UK from facing steep tariffs starting 9 July, a fate other countries have encountered.
UK Trade Secretary Jonathan Reynolds praised the rapid implementation of the agreements and emphasized ongoing work to protect key sectors like pharmaceuticals from further U.S. tariffs under investigation. The deal also grants reciprocal access to 13,000 metric tons of beef, subject to UK food safety standards.
This landmark agreement signals strengthened UK-U.S. trade relations amid the G7 Leaders' Summit’s broader global economic discussions.
The G7 Leaders' Summit convenes the world’s major economies, including Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union, to address critical global challenges. Invited participants include Australia, Brazil, India, Mexico, South Africa, South Korea, and Ukraine, reflecting the summit’s commitment to fostering international cooperation.
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Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Kazakhstan has evacuated more than 7,300 citizens from the Middle East since regional tensions escalated, using both air and land routes to bring nationals home while closely monitoring political developments and potential economic effects linked to rising oil prices.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
The first batch of Peter Mandelson’s papers on his 2024 ambassadorial appointment is set to be published on Wednesday, following a parliamentary order. The release comes amid police investigations over his links to Jeffrey Epstein.
At least six people have died after a bus caught fire in Kerzers, Switzerland, in what police say may have been a deliberate act. Witnesses reported a man inside the vehicle set himself alight. Three others were injured and taken to hospital, while authorities continue their investigation.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 11th of March, covering the latest developments you need to know.
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