The preliminary deal with the United Kingdom slashes tariffs on British-made cars, eliminates duties on steel and aluminum, and opens the UK market to American farmers.

However, the pact, signed at the White House on Thursday, is not the "major trade deal" that Trump touted on social media.

A full trade deal takes months or years to negotiate and must be ratified by Congress, which would further extend the timeline.

The bilateral agreement is the outline of a limited trade deal that will still need extensive negotiations to finalize.

Under the plan, the tariff on British-made cars — the UK's biggest export to the US — will be reduced from 27.5% to 10%.

That rule applies to the first 100,000 vehicles imported into the US from the UK, which the government said was around the total number of UK-exported cars. Anything above that figure will face tariffs of 25%.

Trump's recently imposed 25% tariff on UK steel and aluminum imports will be cut to zero.

The White House statement cited the reason as "the economic security measures taken by the UK to combat global steel excess capacity."

Most other UK imports will still face a 10% tariff under Trump's reciprocal........

© Deutsche Welle