Trump announces first U.S.-UK trade deal, maintains 10% tariff

U.S. President Donald Trump announced a new trade agreement with the United Kingdom, calling it the first fair and reciprocal deal between the two nations. According to Walter Bloomberg on X, the U.S. will maintain a 10% tariff on British goods, expected to generate $6 billion in revenue while creating $5 billion in new export opportunities for American farmers and producers. Commerce Secretary Howard Lutnick added that tariffs on British automobiles will drop from 25% to 10%, and the UK plans to purchase $10 billion worth of Boeing aircraft.