The United States and the United Kingdom have agreed to a new trade deal that will lower U.S. import taxes on up to 100,000 U.K.-built vehicles per year — as well as U.K.-sourced steel and aluminum — from 25% to 10%.

In March, President Donald Trump announced a tariff of 25% on vehicles and 10% on most other goods effective April 3, a move industry experts and economists said would raise prices and slow production. Trump has described his tariff policy variously as a national security measure and a negotiating tactic to reduce the U.S. trade deficit.

As part of the new agreement, the U.K. will increase imports of American beef and ethanol, among other measures. The full details have yet to be decided or publicized.

Trump called a the new agreement a “great deal” and said “This is a maxed out deal that we’re going make bigger” in remarks delivered from the Oval Office Thursday.

Read more at BBC