Much of the agreement President Trump unveiled Thursday still needs to be negotiated, but the administration said the deal with one of America’s closest allies would be the first of many.

The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.

President Donald Trump has dismissed critics who have asked how many deals he has brokered after he paused some tariffs last month to allow for negotiations.

President Donald Trump has unveiled the first deal to grant tariff relief in exchange for trade concessions. Experts say the UK deal could shed some light on future arrangements and the administration’s approach to dealmaking.

The National Corn Growers Association applauded the new bilateral trade agreement that increases access for American agricultural products to the United Kingdom, including ethanol. During the announcement,

The U.S. and China on Monday agreed to suspend most tariffs on each other's goods pending further negotiations, leading U.S. stock futures higher. The U.K. and the Trump administration last week agreed to the outlines of a trade deal, which include rolling back of tariffs on British steel and cars, though maintaining the U.S.'s global 10% tariff.

President Trump lauded the agreement as the first with a major trading partner since he imposed blanket tariffs on countries worldwide.

U.S. President Donald Trump announced an agreement with the U.K. to lower tariffs and increase trade between the two countries. Jovian Radheshwar, a political scientist from Douglas College, says the terms of the agreement — which have yet to be finalized — suggest Canada could get isolated.