The U.S. and United Kingdom have signed a trade deal, the first such agreement since President Donald Trump announced sweeping tariffs on trading partners earlier this year. The deal is set to lower tariffs on steel and automobiles and make it easier for the U.

The agreement will open up the British market to American beef, ethanol, and other agricultural products, the White House said.

The UK trade deal struck with US President Donald Trump will have “disastrous” consequences for Britain’s ethanol sector as tariff-free imports threaten local producers’ existence, an industry group warned.