UK-US tariff deal begins but still no news on steel

The UK-US tariff deal, allowing British car manufacturers to sell up to 100,000 vehicles to the US at a 10% tariff, has officially begun, benefiting the UK's motor and aerospace industries. However, steel and aluminum tariffs have not been finalized yet, with both still subject to a 25% tariff that could potentially double to 50%. Failure to reach a deal by the July 9 deadline would result in the higher tariffs. This agreement, signed at the G7 summit, is seen as a significant development by UK Prime Minister Kier Starmer to safeguard key industries and jobs in the British economy.