The leaders of Britain and the United States had announced a deal last month, but it had not been clear when their agreement would go into effect. Britain hailed the announcement as “a huge win.”

The deal, however, does not address tariffs on steel.

The pact between the US and UK means tariffs will be reduced on certain goods such as cars entering the US.

President Donald Trump and British Prime Minister Keir Starmer on Monday said they had finalized a trade deal reached between the two allies last month.

The UK and US president had a bilateral meeting at the G7 summit in Alberta, Canada, where they finalised the implementation of the trade deal they shook on last month

The leaders of Britain and the United States had announced a deal last month, but it had not been clear when their agreement would go into effect. Britain hailed the announcement…

President Donald Trump signed an agreement formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.