Former President Trump announced a trade agreement with the United Kingdom, stating the deal would increase market access for American goods in Britain. Natalie Andrews, a reporter for The Wall Street Journal, analyzed the details of the tariff adjustments within the framework of the agreement.

U.S. stock markets closed higher on Thursday following an address by former President Trump and other officials in the Oval Office, where he presented what he described as a “comprehensive and integrated” trade pact with the United Kingdom.

Trump outlined the benefits of the agreement for both nations and indicated that his administration would engage in further trade discussions in the coming days. He suggested that investment inflows into the United States from this and future trade deals could reach $10 trillion.