Washington celebrates that "it has been possible because we blew up the whole system," while London considers it a "start," but not the end, and resists accepting a relaxation of phytosanitary standards.

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.

The United States is settling for a tiny fraction of what it could have achieved through traditional free-trade agreements.

Fog in channel, Continent cut off,” is a very old joke about an alleged British newspaper headline regarding weather over the English Channel. Even a brief visit to the British

The U.S. has a $12 billion trade surplus with the United Kingdom, meaning it already exports more than it imports. Meanwhile, the baseline 10% tariff Trump announced April 2 will remain in effect for most U.K. imports, which could lead to higher prices for consumers.

Opposition to Trump may have jumped the gun on the doom and gloom forecasts. Trump's string of deals and demands have moved markets to recovery. Major indices have since exceeded both their April 1 closes and predictions.

On May 8, President Donald J. Trump and Prime Minister Keir Starmer announced a new trade deal between the United States and the United Kingdom. According to the White House fact sheet, the deal will significantly expand U.S. market access into the U.K., creating a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers.

The first trade deal struck following Donald Trump's tariff regime has drawn criticism from Beijing, which experts say is also a warning to other countries.