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.

President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.

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

Ahead of the official announcement, set to take place in the Oval Office later today, here's what we know so far.

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

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.K. trade front as a hopeful sign that more agreements can be reached, as President Trump starts making some headway on the trade fight he started months ago, said Peter Cardillo, chief market economist at Spartan Capital Securities.

As planting season continues across the country, the recently announced trade deal between the United Kingdom (U.K.) and the United States (U.S.) is widely being viewed as a win for farmers in Ohio.

Still, the U.S. is far more important for the U.K. economy. It was Britain's biggest trading partner last year, according to government statistics, though the bulk of Britain’s exports to the U.S. are services rather than goods.

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