00:00Welcome back. U.S. President Donald Trump has signed an executive order to reduce tariffs on British cars that are shipped to the U.S.
00:08The plan will take effect seven days after its publication in the Federal Register, activating parts of a tariff deal reached last month between the two countries.
00:19The deal was announced by Trump and British Prime Minister Keir Starmer on the sidelines of the G7 summit.
00:26It reaffirmed quotas and tariff rates on U.K. automobiles and scrapped tariffs on the British aerospace sector, but stopped short of specifically addressing charges on steel and aluminium imports.
00:39The U.K. government said it would continue to push for zero percent tariffs on core steel products.
00:44Other key sectors, including pharmaceuticals, were also not mentioned.
00:48The U.S.-U.K. pact marks the first trade announcement from the White House since it imposed sweeping tariffs on a range of foreign goods.
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