The U.S. and United Kingdom have signed a trade deal, the first such agreement since President Donald Trump announced sweeping tariffs on trading partners earlier this year. The deal is set to lower tariffs on steel and automobiles and make it easier for the U.

President Donald Trump said the trade agreement with the UK would eliminate many tariffs that "unfairly discriminated against American products."

According to the details, the agreement entails the United Kingdom reducing non-tariff barriers on various U.S. products, such as beef, ethanol fuel, machinery, and chemicals. The baseline tariff of 10%,