UK set to become the first nation to sign a trade deal with the U.S., details unclear.

Britain is poised to become the first nation to sign a trade deal with the U.S., according to The New York Times. The details of the agreement are unclear, with uncertainty over whether it will be a finalized deal or a framework for future negotiations. Despite running a trade deficit with the U.S., Britain was exempt from higher tariffs but still faced a 10% levy. U.S. officials express optimism about the agreement, although President Trump has suggested the U.S. holds strong leverage in trade negotiations.