New US–UK Trade Agreement—What to KnowNew US–UK Trade Agreement—What to Know
President Donald Trump makes a trade announcement as (2nd L–R) Secretary of Commerce Howard Lutnick, Vice President JD Vance, British Ambassador to the United States Peter Mandelson, U.S. Trade Representative Jamieson Greer, and Secretary of Agriculture Brooke Rollins look on in the Oval Office on May 8, 2025. Trump on May 8 announced a trade agreement with the United Kingdom, which is the first by the United States since Trump announced his April 2 tariff plans. Jim Watson/AFP via Getty Images

New US–UK Trade Agreement—What to Know

‘Every little bit helps,’ one UK economist said about the new trade outline.
Updated:

President Donald Trump and British Prime Minister Keir Starmer on May 8 unveiled the broad outline of a new trade agreement hailed by Trump as a “great deal for both countries.”

It was the first trade deal announced after Trump imposed sweeping tariffs on nearly all countries on April 2.

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