Trump cuts U.K. auto, steel, aluminum tariffs in trade deal with Britain

President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the United States.

Thursday’s announcement provides a political victory for U.K. Prime Minister Keir Starmer, and a degree of validation for Trump’s claims his turbulent approach on trade may be able to rebalance the global economy, on his preferred terms.

However, the terms of the deal have yet to be completed so it can be signed.