President Donald Trump and British Prime Minister Keir Starmer on May 8 unveiled the broad outline of a new trade agreement hailed by Trump as a “great deal for both countries.”
It was the first trade deal announced after Trump imposed sweeping tariffs on nearly all countries on April 2.
“This is a really fantastic, historic day,” Starmer said by phone during the announcement. “This is going to boost trade between and across our countries.”
While nothing was signed to make the arrangement official, Trump told reporters at the Oval Office that a finalized version will be released “in the coming weeks.”
Here are the key takeaways from the U.S.–UK trade blueprint....
