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Final details are under wraps but Trump promised the deal provides billions of dollars in access for U.S. agricultural products like beef and ethanol.
Donald Trump and Keir Starmer announced a 'full and comprehensive' trade deal between the UK and US - here is everything that we know about the deal so far.
The trade deal struck between the US and the UK has been hailed as historic by both sides. But what will it mean for British businesses, their workers and ultimately households and their finances?
In return, the UK says it has "agreed new reciprocal market access on beef", while removing the tariff on US ethanol.
Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month.
Business leaders in the West Midlands have welcomed the new US-UK trade deal as a "significant step forward for UK manufacturers" that will reinforce commercial relationships and create new pathways for growth.
Prime Minister Keir Starmer and President Donald Trump lauded a first-of-its-kind trade deal between the UK and US.
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