President Trump inks trade deal with UK, previews trade negotiations with China [Video]

President Donald Trump and his administration inked a major trade deal with the U.K. Thursday, and closed the week gearing up for trade talks with China over the weekend. 

Details of the specific trade plan with the U.K. are sparse, but the deal keeps the existing 10% tariffs in place against U.K. goods while removing some import taxes on items like steel and cars. 

“With this deal, the U.K. joins the United States in affirming that reciprocity and fairness is an essential and vital principle of international trade,” Trump said Thursday. “The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol and virtually all of the products produced by our great farmers.” 

TRUMP SIGNALS CHINA ‘VERY MUCH’ INTERESTED IN SECURING TRADE DEAL AHEAD OF SWITZERLAND NEGOTIATIONS

The deal is the first historic trade negotiation signed following Liberation Day,when Trump announced widespread …