And what does it mean for tariffs, American beef and steel?
At a press conference inside the Oval Office on Thursday, Donald Trump - with the British PM Keir Starmer on the phone - announced changes to tariffs which included steel, aluminium and car exports. In return, the UK government made concessions on imports of ethanol and American beef, with Keir Starmer calling it a ‘fantastic, historic day’.
Justin Webb and Anthony Zurcher unpack the politics behind the deal, asking who is the real winner? With accusations that the UK has caved in too easily to American demands on beef and ethanol, what does today’s announcement mean for the U.S. economy and its trade tariffs with China?
To listen to this episode just search 'Americast' wherever you get your BBC Podcasts.