US President Donald Trump and British Prime Minister Keir Starmer unveiled a "historic" trade agreement Thursday, Trump's first deal with any country since he unleashed a blitz of sweeping global tariffs.

The deal will see Washington lower tariffs on British luxury cars and lifts them entirely on steel and aluminum, although a 10 percent baseline levy on British goods stays in place.

As Trump announced the deal while making a phone call to Starmer in the Oval Office, he said Britain would in return will open up markets to US beef and other farm products.

But the deal remained thin on details, despite Trump hailing it as a template for deals with other countries such as China after his "Liberation Day" tariffs in April.

"I'm thrilled to announce that we have reached a breakthrough trade deal with the United Kingdom," Trump said. "The deal includes billions of dollars of increased market access for American exports."

The deal came through at the last minute, with Starmer saying he learnt that Trump had given it his approval when he........

© International Business Times