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 trade deal struck between the US and the UK has been hailed as historic by both sides. But what will it mean for British businesses, their workers and ultimately households and their finances?

In exchange, the U.K. will ease trade barriers targeting a set of products, including ethanol, beef and machinery, among other products, Secretary of Commerce Howard Lutnick said. That additional market access amounts to $5 billion worth of trade, the White House said.

In return, the UK says it has "agreed new reciprocal market access on beef", while removing the tariff on US ethanol.

A major UK car brand has been met with huge backlash from Donald Trump’s tariffs, as drivers warn they "won’t buy a car now" under the new trade measures. It comes just a week after a new US-UK trade deal was announced,

WASHINGTON — President Trump announced Thursday that the US and UK had agreed on the framework of a trade deal – the ... The final details of the deal are still being written up, the president ...

While the details of the deal are still being worked out, it will lower tariffs on cars imported from the UK to 10%, while slashing levies on beef products.

The US and UK are poised to announce the first major trade deal made since Donald Trump’s sweeping “Liberation Day” tariffs were introduced last month.The US president hailed the deal as a “full and comprehensive” agreement,

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.