The U.S. and UK announced a trade deal as President Donald Trump and UK Prime Minister Keir Starmer signed an agreement at the G7 Summit in Canada, lowering certain tariffs and setting new quotas for British exports to the U.

Prime Minister Keir Starmer reached an agreement with US President Donald Trump to implement trading terms disclosed last month to slash US tariffs on key British exports and raise UK quotas on certain American agricultural products.

The leaders of Britain and the United States 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.”