UK: Trump-Agreement w/UK 'Full & Comprehensive'

US President Donald Trump posts on Truth Social: "The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!"

• It remains to be seen what the details of the agreement are. Speculation has been that it will be a thinner trade 'deal' rather than a full 'agreement', with the autos and pharmaceuticals sectors seen as the most likely to benefit. These areas make up less than one third of UK goods exports to the US and account for less than 1% of GDP, according to the BBC.
• Should Trump's post prove accurate, and the deal - for example - sees a removal of the 10% baseline tariff (not widely expected), it would be seen as a notable political win for the UK gov't. This stands in contrast to the EU, which today is set to outline its countermeasures against the US should negotiations on the removal of 'reciprocal' tariffs fail during the 90-day pause.