President Donald Trump announced a preliminary trade agreement with the United Kingdom on Thursday, signaling a potential shift from the sweeping tariffs imposed last month. The deal, finalized during a late-night call with UK Prime Minister Keir Starmer, outlines reduced barriers on agriculture, machinery, and auto imports, while establishing a joint tariff zone on steel and aluminum.
Though details remain unsettled, both leaders framed the agreement as a first step toward broader economic cooperation. UK officials described it as a “heads of terms” deal, with full terms still under negotiation.
While the pact reduces some trade barriers, the 10% universal tariff Trump introduced in April largely remains in effect. Still, the announcement lifted investor sentiment, sending US markets higher.
Analysts warn the deal is more symbolic than substantial for now, but it could pave the way for similar talks with other nations.
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