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trading partner now has a special trade deal.

I'm David Brian Caccio in Los Angeles.

Let's better understand this new deal governing imports, exports, the U.S. and the United Kingdom.

The first of many, President Trump says, my Marketplace BBC colleague, Leanna Burn, joins us from the UK.

Leanna, I see with your minis, range rovers, your Jags and Rolls-Royces, tariffs went up to 25% last month under this deal down to 10%.

Yes, for up to 100,000 UK made cars a year.

And then tariffs on steel and aluminium, they're also being slashed after

earlier hikes. And then beef also got to mention, both countries will allow up to 13,000

nectar tons of beef from the other side to come in tariff-free. They're also saying stateside

over where you are, David, that overall this creates a $5 billion opportunity for American exports.

Still quite a bit of mystery here. Lots we don't know. Yeah, you're right. Quite a bit. I mean,

there's no signed agreement yet, and the details from both sides, they were quite vague. We don't

have clarity on timing. We don't have clarity in quotas enforcement, or what regulatory hurdles might still apply.

So while it's a de-escalation of sorts, it's definitely not a full free trade deal, like the one the UK, hope to strike post-Brexit.

All right. So your little set of islands over there, but there are many other countries. Could this be a

template for the U.S. as it tries to figure out the arrangements with other countries?

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