Washington celebrates that "it has been possible because we blew up the whole system," while London considers it a "start," but not the end, and resists accepting a relaxation of phytosanitary standards.

President Trump announced that a trade deal with the United Kingdom is coming as questions linger about what nations are negotiating with the U.S. over tariffs. CBS News' Natalie Brand has more.

Trump said the agreement affirms "reciprocity and fairness is an essential and vital principle of international trade."

The result has been a raft of trade wars between Washington and other governments, Beijing foremost among them. Trump’s disruptions to the global economy are serious, and they may feel novel. But today’s situation is hardly without precedent.

Hailed by Britain’s prime minister in superlatives, the deal opens up significant opportunities. Its success will depend on what comes next.

The trade agreement in principle with the United Kingdom could be an opportunity for the state’s ethanol industry. Wendy Osborn says Ohio is currently the 7th largest producer of ethanol in the country.

The United Kingdom is the first European country to have reached a compromise with the United States on trade. But some analysts believe the deal sends the wrong signal. #EuropeNews