The US and the UK have reached a trade agreement valued at approximately US$6 billion. This agreement aims to eliminate import tariffs on steel and aluminum while reducing British automotive tariffs from 25% to 10% for 100,000 cars per year.

The UK Prime Minister, Keir Starmer, stated that this agreement would protect British businesses and save thousands of jobs. 

Additionally, the agreement includes the British government's plan to nationalize British Steel. The government will take over control of British Steel's assets, liabilities, and operations to ensure the company's long-term survival and investment strategies.