This isn't a trade deal
Congress would need to approve a trade agreement, which would take longer than the 90-day pause in place on some of Trump's tariffs.
This is an agreement which has reversed or cut some of those tariffs on specific goods.
Trump had placed import taxes of 25% on cars and car parts coming into the US on top of the existing 2.5%.
This has been cut to 10% for a maximum of 100,000 UK cars, which matches the number of cars the UK exported last year. But any cars exported above that 100,000 will be subject to a 27.5% import tax.
He also said the UK was buying $10bn worth of Boeing planes from the US.
No tariffs on steel and aluminium
What will be agreed on pharmaceuticals is still unknown.
There was no change to the UK's 2% digital services tax on US firms in this deal, despite reports there could be.
The UK has removed tariffs on American beef and other agricultural products, Trump said.
There will be no weakening of UK food standards on imports, the UK government statement said.
Many American farmers use growth hormones as a standard part of their beef production, something that was banned in the UK and the European Union in the 1980s.
I took this image from Trump's truthsocial page.
This is such a joke lmfao