The UK does not need to push out British Steel’s Chinese owners in order to cut a deal to reduce US tariffs on steel, Prime Minister Keir Starmer said.

President Donald Trump and British Prime Minister Keir Starmer signed a bilateral trade agreement Monday at the G7 Summit, formally reducing tariffs on select sectors while leaving critical steel and aluminum import quotas undetermined.

After Donald Trump dropped the UK/US trade deal on the flooor at the G7 summit, the Prime Minister suggested that if anyone else had tried to pick them up it would not have ended well.

The deal leaves intact Trump’s new 10% baseline tariffs, but allows limited exemptions from Trump’s 25% tariff on foreign-made cars and 50% tariffs on steel and aluminum.