UK first to strike trade deal with Trump

U.S. President Donald Trump and British Prime Minister Keir Starmer have announced a new trade deal.

Details remain limited, but it's expected to lower tariffs on cars, steel and aluminum.

Lee Seung-jae has the latest.

Britain became the first country to strike a trade deal with the United States on Thursday, since U.S. President Donald Trump's sweeping reciprocal tariffs announced last month.

Nothing was officially signed during the Oval Office event announcing the trade deal, and many specifics about the deal were not immediately clear.

According to President Trump,.. the final details are being written up, and will be made official in the coming weeks.

However, according to a fact sheet from the White House, the trade deal will keep in place a ten percent blanket U.S. tariff on UK imports.

It will also adjust tariffs on UK cars so that the first 100-thousand vehicles imported from British carmakers each year would be subject to a 10 percent rate, with additional vehicles facing a 25 percent tariff.

Speaking to workers and reporters during a visit to a car factory in West Midlands, England on Thursday, British Prime Minister Kier Starmer praised the deal, calling it "historic."

"And I'm really pleased to announce to you and I wanted to come to you to announce it, that we've agreed the basis of a historic economic prosperity deal. And that is a deal that will protect British businesses and save thousands of jobs in Britain. Really important, skilled, well-paid jobs."

The deal will see U.S. tariffs on British cars slashed from 27-point-5 percent to ten percent.

Also, import duties on steel and aluminum will be reduced to zero.

Lee Seung-jae, Arirang News.