United States President Donald Trump and United Kingdom Prime Minister Keir Starmer announced on Thursday a “full and comprehensive” trade deal between the two nations, marking a significant milestone in transatlantic relations. Speaking from the Oval Office alongside Vice President JD Vance, Trump highlighted the agreement’s benefits, calling it a historic moment and the first of many upcoming deals. Starmer, joining via video call, praised the deal for boosting trade, protecting jobs, and opening new markets.

The agreement delivers substantial wins for American exporters, particularly in agriculture and manufacturing. US exporters gain expanded access for beef, ethanol, and machinery, along with reduced non-tariff barriers and expedited customs clearance. British car tariffs will drop from 27.5% to 10% for 100,000 vehicles, while the US retains a 10% levy on UK goods, expected to generate $6 billion in revenue. Steel and aluminum tariffs, previously at 25%, have been completely removed.

Commerce Secretary Howard Lutnick emphasized that the deal opens a $5 billion opportunity for US businesses and confirmed that the UK will purchase $10 billion worth of Boeing aircraft. Rolls-Royce engines included in these deals will be imported tariff-free into the US.

Starmer highlighted that the agreement will enhance trade across various sectors, particularly automotive and heavy industry, and emphasized the unique strength of the US-UK relationship. Both leaders noted the importance of fairness and reciprocal trade, underscoring the alignment of two of the West’s largest tech and manufacturing economies.

Trump, while celebrating the deal’s immediate benefits, also confirmed that additional trade agreements are nearing completion, adding, “We didn’t realize how close the markets actually are.” The leaders hailed the accord as a testament to the enduring partnership between Washington and London.