Yesterday, US President Donald Trump declared that a trade deal between the UK and the US is officially "done" as the two leaders attended a G7 summit.
But what exactly does that mean?
The government says the US "has committed" to removing tariffs (taxes on imported goods) on UK aerospace goods, such as engines and aircraft parts, which currently stand at 10%.
That is "expected to come into force by the end of the month".
Tariffs on car imports will drop from 27.5% to 10%, the government says, which "saves car manufacturers hundreds of millions a year, and protects tens of thousands of jobs".
The White House says there will be a quota of 100,000 cars eligible for import at that level each year.
But on steel, the story is a little more complicated.
The UK is the only country exempted from the global 50% tariff rate on steel - which means the UK rate remains at the original level of 25%.
That tariff was expected to be lifted entirely, but the government now says it will "continue to go further and make progress towards 0% tariffs on core steel products as agreed".
The White House says the US will "promptly construct a quota at most-favoured-nation rates for steel and aluminium articles".
Other key parts of the deal include import and export quotas for beef - and the government is keen to emphasise that "any US imports will need to meet UK food safety standards".
There is no change to tariffs on pharmaceuticals for the moment, and the government says "work will continue to protect industry from any further tariffs imposed".
The White House says they "committed to negotiate significantly preferential treatment outcomes".