Image source, Getty Images

The UK will continue to negotiate with the US after yesterday’s trade deal provided a "huge relief", Treasury Minister Darren Jones says.

Speaking on BBC Breakfast, Jones says the government has been able to remove “punitive tariffs”, which he suggests were “having a halting effect on production, putting jobs at risk and people’s livelihoods at risk”.

"People would have lost their jobs," he continues. "We’ve protected those jobs because of this trade deal.”

And, having addressed these “urgent critical sectors”, Jones says that the government will “continue to negotiate in other sectors”.

The deal has been criticised by some experts as putting a ceiling on growth in the car industry. Cuts to tariffs on car exports from 25% to 10% were limited to the first 100,000 cars sent to the US.

But, Jones stresses that there will be an “annual review mechanism on quota level”, meaning that the UK will be able to negotiate with the US to ensure manufacturers can export according to demand.

Starmer's advisers see deal as vindication of approach to flatter Trumppublished at 07:56 British Summer Time 9 May

07:56 BST 9 May

Harry Farley
Political correspondent

Keir Starmer was watching Arsenal’s defeat in Wednesday’s Champions League semi-final when President Trump called. The timing was a surprise.

The Prime Minister admitted that he "didn't know the exact day" the agreement with the White House would come.

But any disappointment at his team’s loss will have eased as the two men firmed up the final details of an agreement that Starmer believes is a political win.

His advisers see it as vindication of their approach to flattering Trump which has differed from allies in Europe and Canada.

The outcome is the UK has agreed a partial deal, focusing on reducing tariffs on certain sectors like cars and steel immediately, rather than waiting for negotiations on the much wider reciprocal tariffs.

Those discussions continue and the UK government is hoping to still secure a deal on those broader 10% tariffs.

British Airways' parent company has bought 32 new Boeing planes from the US, following the country's trade agreement with the UK on Thursday.

International Airlines Group (IAG) confirmed the order of the Boeing 787-10 aircraft for its BA fleet, alongside 21 Airbus planes for its other airlines on Friday morning.

US commerce secretary Howard Lutnick had said the previous day that plane engines and other aeroplane parts would be excluded from trade tariffs as part of the trade deal.

"We've agreed to let Rolls Royce engines and those kind of plane parts come over tariff-free," he said.

IAG boss Luis Gallego said the order was a "milestone" for the conglomerate and would "strengthen our core markets" over the next decade.

Image source, PA Media

Shadow trade secretary Andrew Griffith has warned that despite the progress of yesterday’s trade deal, a more “comprehensive” agreement is needed to grow the UK economy.

Griffith accepts that there are some “good elements” to the deal, with car and steel manufacturers no doubt welcoming the reductions from Donald Trump’s initial 25% import charges.

“But overall it’s quite disappointing,” he tells the BBC’s Today programme.

And, the Conservative MP notes that it is still unclear whether tariffs will be negotiated down on pharmaceutical exports.

“There’s nothing on film and TV, and yet at the start of the week the government was talking about 100% tariffs on that,” he adds. “It’s not a trade agreement in the classic sense.”

Additionally, Griffith warns that the deal “locks in” 10% tariff rates, when a “comprehensive agreement” might have lowered or eliminated these tariffs altogether.

Starmer can chalk this up as good news, but detail is keypublished at 07:14 British Summer Time 9 May

07:14 BST 9 May

Chris Mason
Political editor

Image source, PA Media

Discussions, we are told, are ongoing about trying to cut the ten per cent tariff America has imposed on most products the UK sells there and which remains in place.

Next, let's see what America arranges with others and let's see what President Trump says next – talk of tariffs on the film industry still loiter, for instance.

As ever with deals like this, particularly where there is still quite a bit of work to be done on them, detail is key.

Industries and businesses around the UK will pore over the specifics as they emerge to determine the implications for them.

For the Prime Minister, walking towards political headwinds international and domestic, he can chalk this up as good news, if limited good news – but good news he will bank.

• Our Political editor Chris Mason unpicks more of what we have learnt about this deal with America

Vishala Sri-Pathma
BBC News

Image source, Getty Images

The US-UK tariff deal singled out a number of industries. Steel is one of them, where tariffs have been reduced to zero.

Liam Bates, president of long products at the stainless steel manufacturer Marcegaglia, told BBC Radio 4’s Today programme he welcomed the news, saying the announcement was “very significant”.

He added he had already paid out millions of pounds in duties.

“We had to pay £3 million because our US-bound ships were delayed due to a storm in the Atlantic [when tariffs were first announced], so no tariffs are a big change.”

Mr Bates said he’d like to see more detail about what the agreement means for businesses like his.

“It would be good to get more clarity on when this removal is effective from and if there are any exceptions to it, where we might have to think about our supply chain.”

While Labour MPs praised the deal, opposition parties asked for more detail and scrutiny in Parliament:

Conservative Party leader Kemi Badenoch criticised the deal, refuting Starmer's description: "This is not a historic deal with the US. We've been shafted."

Liberal Democrats leader Ed Davey said "the devil will be in the detail", as his party demanded a vote on the deal in parliament.

Reform UK Leader Nigel Farage said the deal was a "step in the right direction". Speaking to the BBC, he claimed "it's a Brexit benefit [that] we were able to do this."

A glimpse into Trump's global tariff negotiationspublished at 06:35 British Summer Time 9 May

06:35 BST 9 May

Natalie Sherman
New York business reporter

When President Donald Trump unveiled sweeping taxes on imports from around the world last month, he said the measures aimed to right America's trade relationships.

In his new pact with the UK, we got a glimpse of the kind of agreements he might seek to negotiate across the globe.

Both the US and UK have so far offered limited details about the new trade deal, which both say is still being worked out in the weeks ahead.

But anyone hoping the White House will either significantly roll back its tariffs - or win major concessions abroad - seem bound for disappointment.

Steelmakers and car firms in the UK did express relief, saying the tariff rollback would help save jobs.

But it was hardly missed on anyone that despite progress, goods from the UK are still facing higher tariffs than they were a few weeks ago.

In the US, most analysts agreed that substantive benefits would be limited, despite the two sides discussing trade on and off for nearly a decade.

• Read more from Natalie on the UK-US trade deal and how it benefits America

A formal deal is yet to be signed and the announcements from both the US and UK were light on details, but here's what we know about the contents of the deal so far:

• The US agrees to reduce the import tax on cars - which Trump had raised by 25% last month - to 10% for 100,000 cars a year
• Tariffs on steel and aluminium, which Trump raised earlier this year to 25%, have also been slashed
• The two countries also each agreed to allow the import of up to 13,000 metric tonnes of beef from the other country without tariffs

Overall, the US said the deal would create a $5bn (£3.8bn) "opportunity" for exports, including $700m in ethanol and $250m in other agricultural products.

Matt Spivey
Live editor

Image source, EPA

The US and UK have announced a trade deal which will reduce import taxes on 100,000 British cars and allow some British steel and aluminium into America tariff-free.

The deal will leave a 10% duty in place on most goods from the UK, as the announcement offers some relief for UK industries from some of Trump's new tariffs.

No formal deal was signed on Thursday and the announcements from both governments were light on details.

UK Prime Minister called this a "historic deal", adding that the "UK has no greater ally than the United States".

"This is a maxed out deal that we're going to make bigger," Trump said from the White House.

This morning, we're expecting to hear reaction from manufactures, farmers, economists and politicians.

Chief Secretary to the Treasury Darren Jones and shadow secretary of state for trade, Andrew Griffith, will shortly be on Radio 4's Today programme.

Stay with us.

Sakshi Venkatraman
Live reporter

Though nothing has been signed yet, the announcement of a US-UK tariff agreement marks much-needed win for Donald Trump as well as a political boost for Sir Keir Starmer.

Some clarifications:

• Despite how Trump has framed it, this is not a trade deal. This is a tariff agreement that amends the levies the president placed. Only Congress has the authority to pass a true free-trade deal
• Trump's blanket 10% tariff still applies to most goods coming from the UK
• Nothing is finalised. There are still months of negotiations and legal paperwork ahead

What changed today:

• Trump slashed tariffs on British cars and metals
• The US had agreed to reduce the import tax on cars from 25% to 10% for 100,000 cars a year.
• Some tariffs on steel an aluminium have been eliminated entirely
• The UK removed tariffs on American beef and ethanol

What we still don't know:

• We don't know how this will impact pharmaceuticals, one of the UK's biggest exports to the US
• We're also unsure how this will impact the film industry. Trump has promised a 100% tariff on all films made abroad. There was no mention of that in the deal.

We're closing this page for now, but you can read our article about today here: US-UK agree deal slashing Trump tariffs on cars and metals.

Read More:

• What is in the UK-US tariff deal?
• What tariffs has Trump announced and why?
• US agreement leaves the UK open to do a much more significant EU deal

Malcolm Prior
Environment correspondent

Image source, PA Media

For farmers, the new UK-US trade deal is being sold as a major win thanks to an agreement on reciprocal market access on beef – with the UK given a tariff-free quota for 13,000 metric tonnes.

And the UK government insists there will still be no weakening of food standards, with hormone-treated beef imports remaining illegal.

The NFU’s president Tom Bradshaw said he appreciated “the government’s efforts in listening to our concerns, particularly around maintaining high standards, protecting sensitive agricultural sectors and securing reciprocal access for beef”.

But Wiltshire beef farmer Liz Webster, co-founder of the campaign group Save British Farming, said the deal was a "sell-out" and that the USA had "no facility to filter out the good stuff from the bad stuff" so, she believed, hormone-fed beef could still get into the UK.

When asked whether the UK would have to take hormone-fed beef, Donald Trump said the UK could "take what they want".

US agriculture secretary Brooke Rollins added: "Specific to the beef, this is going to exponentially increase our beef exports. And to be very clear, American beef is the safest, the best quality, and the crown jewel of American agriculture for the world."

The Trump administration continues to celebrate what it's calling "a historic trade deal" between the US and UK.

During the daily state department press briefing, Tammy Bruce, the department's spokesperson, said the deal provides american companies "unprecedented access to the UK market" that includes billions of dollars of increased access.

"The bottom line is this: this is a great deal for America," Bruce said.

"Today's deal shows you that if you respect America and bring serious proposals to the table, America is open to business," she continued.

"There are many more deals to come."

Jennifer Meierhans
BBC News

There was no change to the UK's 2% digital services tax on US firms in this deal, despite reports there could be.

Businesses that run social media, search engines or online marketplaces pay this tax which applies to revenues derived from UK users.

Firms only have to pay it if they raise more than £500m in global revenues and £25m from UK users annually.

But this is a threshold easily met by US tech giants like Meta, Google, Apple.

The UK reportedly netted nearly £360m from American tech firms via the tax in its first year.

Instead of any change to the digital services tax the UK and US had "agreed to work on a digital trade deal", the UK government said.

It said this would "strip back paperwork for British firms trying to export to the US – opening the UK up to a huge market that will put rocket boosters on the UK economy".

• Read More: What is in the UK-US tariff deal?

US stocks have been largely receptive to the announcement of a UK-US trade deal with all three main indexes up.

Here how things stand about one and half hours to closing bell

• The S&P500 is up 1.09%
• The Nasdaq is up 1.58%
• The Dow Jones is also up 1.07%

Boeing's stocks are also up 3.70% following an announcement from Commerce Secretary Howard Lutnik's that the UK will buy $10bn worth of the planes from the company.

Bloomberg is reporting that British Airways' parent company International Airlines Group (IAG) would order about 30 planes.

Jennifer Meierhans
BBC News

What will be agreed on pharmaceuticals is still unknown.

"Work will continue on the remaining sectors – such as pharmaceuticals and remaining reciprocal tariffs," a statement from the UK government said.

Most countries, including the US, imposed few or no tariffs on finished drugs, as part of an agreement aimed at keeping medicines affordable.

Pharmaceuticals are a major export for the UK when it comes to US trade – last year sales of medicinal and pharmaceutical products were worth £6.6bn ($8.76bn) making it the UK's second-biggest export to the US.

It's also America's fourth biggest export to the UK, valued at £4bn ($5.3bn) last year.

The president has not announced any trade restrictions on medicines yet.

• Read More: What is in the UK-US tariff deal?

The National Cattleman's Beef Association, an advocacy group that claims to represent nearly 200,000 cattle producers and feeders in the US, released a statement calling Trump's trade deal a "tremendous win".

"For years, American cattle producers have seen the United Kingdom as an ideal partner for trade," the statement said.

"Between our countries’ shared history, culture, and their desire for high-quality American beef, securing a trade agreement is a natural step forward. Thank you President Trump for fighting for American cattle producers."

US Democrats are lashing out on social media about Trump's comments earlier, made during his trade deal announcement, when he said US port traffic slowing down "is a good thing" that would mean "we lose less money".

Congressman Josh Gottheimer wrote on social media: "President Trump's chaotic tariffs are hurting our economy, slashing shipments at our port, and driving up prices for Jersey families. We need strategic policies that make sense — not more economic chaos."

Similarly, congressman Jim Clyburn chimed in: "South Carolina’s economy is already being harmed by Trump’s tariffs. Trump thinks this 'is a good thing.' I once again urge my SC Republican colleagues to stand up for our constituents' livelihoods before many more jobs are lost."

Multiple local leaders have reported a drop in cargo containers at shipping ports since Trump's tariff took effect.

Quite the month for UK trade dealspublished at 18:50 British Summer Time 8 May

18:50 BST 8 May

Chris Mason
Political editor

Image source, EPA-EFE/Shutterstock

It’s turning out to be quite the month for UK trade deals of various complexions: India earlier this week, the US today, the European Union expected the week after next.

Today amounts to a diplomatic and political win for Sir Keir Starmer.

Getting the first deal with President Donald Trump is better than any alternative.

But, and particularly with Trump, everything else is rarely equal - this isn't better for some than trading conditions were six months ago, even if it is preferable to how things were more recently.

And let's see what is arranged with others.

As ever with deals like this, detail is key: industries and businesses around the UK will pore over the specifics to determine the implications for them.

Trump slightly changes tune on Chinapublished at 18:40 British Summer Time 8 May

18:40 BST 8 May

Erin Delmore
BBC World business correspondent

President Trump said his top administration officials have "numerous" deals in the works, and called out his Treasury Secretary Scott Bessent’s upcoming meeting with Chinese officials in Switzerland.

"They very much want to make a deal," Trump said of Chinese negotiators.

"We can all play games, who made the first call, who didn’t make the – it doesn’t matter. It only matters what happens in that room."

That’s a slight change of tune for Trump, who seemed to be engaged in a game of cat-and-mouse with China, as Chinese leaders declined talks were in progress and Trump claimed he’d spoken to President Xi.

Now, Trump says any communication or lack thereof is water under the bridge — perhaps paving a smoother pathway toward negotiations.