United States and UK strike tentative deal on trade.

The press conference on it in the Whitehouse revealed the deal will change over time.

“Both countries will become stronger with steel” …ie manufacturing with steel, including weapons, Trump said in the press conference.

For years people talked and talked and talked and now the deal is done with us, Trump said. (CarrZee: Actually, it is not done)

Starmer by phone said timing was appropriate as the nations celebrate the end of the second world war 80 years ago.

Howard Lutnick, commerce secretary, on Trump…really sticking the tongue down the back of the pants here: Deal would not have gotten done without Trump (CarrZee: it’s still not quite done).

Trump gives his crooked, proud smile.

Lutnick: There will be $5 billion of new opportunities for US exporters. UK jobs will be protected. That’s the trade off…..(I think he said another $5 billion of tariff benefits for the US — need to check this)

US ethanol, beef and tractors were mentioned as benefitting.

Trump said he was separately still considering tariffs on films that are made outside the US in order to create an incentive to bring filmmaking back to America.

Trump said he would not ask Rolls Royce to produce in the US — this seems a key concession. He recognises the historical context of famous brands.