The U.S. and U.K. reached a trade agreement to open their markets and lower tariffs. It hasn't been finalized, but it may offer clues to what future trade deals might look like.

Prime Minister Keir Starmer has spent months nurturing his relationship with President Trump. That may have just paid off.

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

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.

The deal still has to be finalized, but it was hailed as a success by both countries for being the first since President Trump announced broad tariffs in April.

Stocks closed modestly higher on Thursday after President Trump announced a new trade agreement with the United Kingdom. The S&P 500 gained 33 points, or 0.6%, to close at 5,664, while the Dow Jones Industrial Average rose 254 points, or 0.6%, to 41,368 points. The Nasdaq Composite added 1.1%.

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,

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.