Trump, UK Announce Comprehensive New Trade Agreement

US President Donald Trump has announced a 'full and comprehensive' trade agreement with the United Kingdom, marking the first major deal since new US tariffs were imposed on trading partners. The agreement is expected to act as a template for upcoming negotiations with the European Union and other key allies. US equities rallied on the news, led by technology and chip stocks, while the US dollar strengthened and global risk sentiment improved. The deal maintains a 10% reciprocal tariff on UK imports but offers relief on US tariffs for UK autos and steel. As part of the agreement, the UK will reduce or eliminate its digital services tax on US tech firms. Analysts note the deal highlights US negotiating leverage as further trade talks with China and other partners loom.