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11:12Now PlayingThe US president had previously described the deal as “full and comprehensive”, but today's announcement focused on a narrower set of industries.
Under the deal, American tariffs on British cars fall to 10% for the first 100,000 vehicles exported to the US, while tariffs on steel are scrapped.
Steel union Community’s assistant general secretary Alasdair McDiarmid said the deal would protect jobs in the industry.
He said: “The UK Government deserves enormous credit for negotiating this deal to reduce US tariffs which would have had a hugely damaging impact on our steel sector.”
In exchange, the UK has reduced tariffs on US products including beef and ethanol, which US commerce secretary Howard Lutnick said would create 5 billion dollars in “opportunity for American exports”.
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