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."

The first big trade agreement since “Liberation Day” came on May 8, with President Donald Trump celebrating a deal with the United Kingdom that leaders from each nation say will be beneficial for their citizens.