President Donald Trump says it's a great deal for America. But let’s break down what just happened Thursday: The U.S. and U.K. signed a new trade agreement that opens the door for more American beef, ethanol and airplanes to be sold in Britain. In return, the U.S. will ease some of the tough tariffs Trump put in place—but not all of them.

British cars will now face a 10% tariff to enter the U.S., but other exports will still pay the price. Meanwhile, key issues like taxes on U.S. tech companies and access to Britain’s healthcare market weren’t even touched.

Some American businesses aren’t happy, but others—especially carmakers—say the deal gives Britain special treatment while Canada and Mexico are still stuck with higher fees.

Critics say the rushed deal is less about smart trade and more about trying to fix the economic mess Trump’s tariffs already caused.

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