The U.S. and U.K. reached a trade agreement to open their markets and lower tariffs. It hasn't been finalized, but it may offer clues to what future trade deals might look like.

The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.

Much of the agreement President Trump unveiled Thursday still needs to be negotiated, but the administration said the deal with one of America’s closest allies would be the first of many.

Smith: The U.S. and United Kingdom reached the framework of a trade agreement that included opening U.K. market access for American agricultural products. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, says the new agreement is the first step in a much larger picture.

The National Corn Growers Association applauded the new bilateral trade agreement that increases access for American agricultural products to the United Kingdom, including ethanol. During the announcement,

President Donald Trump has dismissed critics who have asked how many deals he has brokered after he paused some tariffs last month to allow for negotiations.

Still, the U.S. is far more important for the U.K. economy. It was Britain's biggest trading partner last year, according to government statistics, though the bulk of Britain’s exports to the U.S. are services rather than goods.

As planting season continues across the country, the recently announced trade deal between the United Kingdom (U.K.) and the United States (U.S.) is widely being viewed as a win for farmers in Ohio.

U.S. President Donald Trump announced an agreement with the U.K. to lower tariffs and increase trade between the two countries. Jovian Radheshwar, a political scientist from Douglas College, says the terms of the agreement — which have yet to be finalized — suggest Canada could get isolated.