UK-India trade deal to start July 15 after steel tariff resolution

In parallel, UK Prime Minister Keir Starmer announced a significant investment of £1.3 billion dedicated to energy and artificial intelligence projects during the G7 summit. However, Starmer's government is also contending with U.S. export controls that affect advanced AI models. No specific exemption or carve-out was sought from these U.S. controls by the UK delegation.

The free trade agreement between the UK and India aims to foster closer economic ties and unlock new opportunities for businesses in both countries. The resolution of the steel tariff issue was a key point of negotiation, ensuring smoother implementation of the trade deal. Meanwhile, the AI investment highlights the UK's focus on technological advancement and energy security, though the U.S. export controls present a challenge for the adoption and development of cutting-edge AI technologies within the UK.