President Trump is set to announce a landmark U.S.-U.K. trade deal today, the first of many agreements aimed at boosting America’s global trade position while securing more favorable terms for American products.

At a Glance

• Trump will announce a comprehensive trade deal with the United Kingdom at 10 a.m. EDT Thursday
• The agreement will reduce tariffs on British steel and automobiles while increasing U.S. agricultural exports to the U.K.
• Commerce Secretary Howard Lutnick states the deal will generate $6 billion in revenue for the U.S. including a $10 billion Boeing purchase
• Negotiations with 17 other trading partners are underway, including Vietnam, Japan, Saudi Arabia, and the Philippines
• The deal represents the first bilateral trade agreement since Trump implemented his tariff strategy to boost domestic manufacturing

Historic Trade Agreement Fulfills Brexit Promise

The United Kingdom has been pursuing a trade agreement with the United States since the Brexit vote in 2016, marking a significant achievement for British Prime Minister Keir Starmer’s new government. Negotiations initially began in 2020 but stalled under President Biden’s administration before resuming when President Trump returned to office. The deal represents a major diplomatic victory for both nations, with Starmer describing it as a “historic day” for U.K.-U.S. relations, while Trump has characterized the agreement as “full and comprehensive.”

For the United Kingdom, the agreement provides crucial tariff relief, particularly for their automotive and steel industries, which have been subject to 25% import taxes. British pharmaceutical companies will also gain tariff exemptions, boosting a key sector of the U.K. economy. The deal also includes removing tariffs on Rolls Royce engines, further strengthening the British aerospace industry while facilitating their purchase of American aircraft. The U.K. has maintained its position on food standards, refusing to lower requirements to allow certain U.S. agricultural products.

BREAKING: Treasury Secretary CONFIRMS Trump’s plan to swap income tax for tariffs — “There is a good chance we’ll see it in the upcoming tax bill.”

In a bombshell moment during the White House press briefing, Treasury Secretary Scott Bessent just confirmed that tariff revenue… pic.twitter.com/N0mQNVemFY

— The Vigilant Fox 🦊 (@VigilantFox) April 29, 2025

Benefits for American Industry and Agriculture

The United States stands to gain significantly from this agreement, with Commerce Secretary Howard Lutnick announcing the deal will generate $6 billion in revenue for America. A key component includes a $10 billion purchase of Boeing planes by a British airline, providing a substantial boost to American manufacturing. The agreement gives American agricultural products greater access to British markets and reduces non-tariff barriers that have restricted U.S. exports. Britain has also committed to expediting American imports through their customs procedures.

The U.S. already enjoys a strong trading position with the U.K., having recorded an $11.9 billion trade surplus last year. Most British exports to America are services rather than goods, with the new agreement expected to further increase British purchases of American-made products. President Trump has emphasized the deal as “affirming that reciprocity and fairness is an essential and vital principle” in international trade, setting the tone for future agreements with other nations.

Just the Beginning: More Deals on the Horizon

Treasury Secretary Scott Bessent has revealed that the administration is currently engaged in negotiations with 17 trading partners, with several agreements in principle expected soon. U.S. Trade Representative Jamieson Greer identified Vietnam, Japan, Guyana, Saudi Arabia, and the Philippines as countries where initial tariff reduction talks could conclude in the coming weeks. South Korea has been particularly proactive in negotiations, while discussions with India are also progressing well.

While no official talks have yet been held with China, the administration plans initial steps with a meeting in Switzerland. President Trump has indicated that China “want[s] to make a deal very badly” but insists it “has got to be a fair deal.” The administration’s approach to international trade has already yielded tangible results, with tariffs generating $15.9 billion in revenue, representing a 105% increase from the previous year. Trump has promised “many other deals, which are in serious stages of negotiation, to follow!”