President Donald Trump announced in an Oval Office ceremony Thursday that the US and UK have reached an agreement on trade and tariffs.
"It's a very big deal right now," Trump told reporters at the White House, adding there would be adjustments made to the pact going forward.
The deal affirms that "reciprocity and fairness is a vital principle of international trade" and increases access for U.S. agricultural products, Trump said, though he added that the final details were still being written up.
It also fast tracks American goods through the U.K.'s customs process, Trump said. He cautioned that final details will come in the "coming weeks."
"They’re opening up the country," Trump said. "The country is a little closed."
Earlier Thursday, Trump said it would be a full and comprehensive one, amid expectations the two countries would soon sign a trade deal.
Trump wrote in a post on Truth Social that it would be the first of many but provided no further details.
"Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY," Trump wrote. "THE FIRST OF MANY!!!"
"The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come," he added.
"Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!" he said.
This report was compiled from Newsmax wire services.
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