Trump Announces Major Trade Deal with UK, Aims to Boost Exports and Ease Market Tensions

President Trump announced a "full and comprehensive" trade deal with the UK that includes tariff reductions on autos, steel, and aluminum while retaining a 10% blanket tariff on imports. This agreement aims to bolster UK exports and alleviate market fears of a recession, as U.S. stocks rose significantly following the announcement. Commerce Secretary Howard Lutnick confirmed the tariff structure, indicating that while certain tariffs will decrease, the overall 10% remain intact. UK Prime Minister Keir Starmer celebrated the deal, highlighting its potential to protect jobs and foster further negotiations, including talks with India and China.