Here are the facts on the U.S.-U.K. trade agreement [Video]

U.S. President Donald Trump announced an agreement with the U.K. to lower tariffs and increase trade between the two countries. It’s been hailed as the first trade deal since Trump imposed worldwide tariffs in April.

He has promised more deals to come, and Prime Minister Mark Carney said after his visit with Trump this week that trade would be the subject of much negotiation between Canada and the U.S. in the coming months.

The U.K. is a far smaller trading partner to the U.S. than Canada. But today’s announcement could offer clues to what Trump might do in other deals.

First of all, it hasn’t been finalized

Both Trump and U.K. Prime Minister Keir Starmer hailed their agreement as a “great deal,” making it easy to believe it’s been signed, sealed and delivered. But not quite.

Trump acknowledged this in his announcement. “The final details are being written up,” he told reporters. “In the coming weeks, we’ll …