Donald Trump has signed off on the transatlantic trade deal, assuring The Sun that the UK will be “very well protected” in the coming years, as he has a fondness for the British people.

The US President insisted it was a “fair deal for both” as he proudly showed off the agreement after meeting with Sir Keir Starmer at the G7 summit.

According to the deal, cars will face a 10% duty instead of the previous 25%, and surcharges on the aerospace industry will be completely eliminated.

But it appears that a deal on steel tariffs, currently at 25 per cent, is still being negotiated by the two sides.

The US leader added that information would come in a “little while”.

The President said the UK would be safe from future levies when pressed by The Sun following the signing.

Mr Trump said: “The UK is very well protected, you know why? Because I like them.”

He also added that the deal will bring “a lot of jobs, a lot of income”.

The UK has held a series of talks with the US since Mr Trump imposed punishing tariffs on the UK and other countries on April 2.

Sir Keir said that the agreement was a “sign of strength” between the two nations.

Trump lavished praise on the PM saying “We’re friends”. He added that he had struck a deal that six other Prime Ministers couldn’t strike.

The deal is being seen as a huge positive step towards a growing relationship between the US and UK.

Trump even praised Starmer for the work he has been doing since winning the election for Labour by a landslide last year.

The leader from Washington remarked, “The prime minister has done an excellent job. I want to convey this to the people of the United Kingdom. He’s performed exceptionally well.”