The stock market exploded after Donald Trump struck a huge trade deal with the United Kingdom, the first such agreement since he launched a global trade blitz last month.

Within minutes the Dow rose by over 500 points after Trump and British Prime Minister Keir Starmer agreed to a massive multi-billion dollar tariff pact. 

The president said that America will raise a staggering $6 billion from the 10 percent tariffs that will remain on the UK. And the U.S. will also collect over $5 billion in ‘new export opportunities’ for ranchers and farmers. 

Secretary of Commerce Howard Lutnick said at Thursday’s Oval Office announcement that the UK agreed to purchase $10 billion worth of Boeing planes. 

He said the UK opening their market has added $5 billion in opportunity to American exporters specifically when it comes to cars, steel and agriculture.

‘This would’ve taken us 3 years — Trump got it done in 45 days,’ Lutnick said. ‘Trump gets deals done.’

The deal hands a big political victory to a key ally Keir Starmer, who has been negotiating behind the scenes with the White House for weeks.

Starmer did not travel to Washington, D.C., for the announcement, instead holding a press conference in the West Midlands of Britain. 

He did, however, join the announcement by phoning in to the Oval Office.  

In an apparent effort to bring even more countries to the table, Trump insisted that the deal is mutually beneficial, saying: ‘This is now turning out to be a really great deal for both countries.’

The president promised many more deals would follow with other countries after his ‘Liberation Day’ tariffs sent the world economy into a tailspin last month.

Wall Street started to surge as details of the deal were unveiled.

‘This morning I’m thrilled to announce that we have reached a breakthrough trade deal with the United Kingdom – incredible country,’ Trump said in the Oval Office. 

‘Today is a Victory Day for World War II – we won the war together exactly 80 years ago so there could be no more perfect morning to reach this historic agreement.’ 

Trump previewed that more deals are coming soon as the final documents are drawn up and signed in the coming days. 

‘Today’s agreement with the UK is the first in a series of agreements on trade that my administration has been negotiating for the past four weeks,’ the president said.

Trump revealed some specific details of the deal, including bringing in $6 billion in external revenue through a 10 percent tariff. 

He also said that it would increase the national security of both the U.S. and UK by securing the pharmaceutical supply chain and establishing an aluminum and steel trading zone. 

Trump said tariffs on British films were still being discussed but he could come to a deal.

‘James Bond has nothing to worry about,’ the president said.

That response came after a reporter noted that it was a ‘great day for James Bond’ because the vehicle deal between the U.S. and the U.K. would allow for the U.K. to send 100,000 cars into the U.S. with a lower 10 percent tariff, a boon for British carmaker Aston Martin, the car Bond famously drove.

‘And you know, Sean Connery was a friend of mine,’ Trump also noted.

He said the late Scottish actor, who was the original Bond in films, helped the president get permitting for his Trump International golf club in Aberdeen, Scotland.

‘This Deal shows that if you respect America, and bring serious proposals to the table, America is OPEN FOR BUSINESS. Many more to come — STAY TUNED!’ Trump said on Truth Social after his announcement.

Lutnick said that the UK opening their market as part of this deal will add $5 billion in opportunity to American exporters specifically when it comes to cars and automobile parts, steel and agriculture. 

A UK official said on Tuesday that the two countries had made good progress on a trade deal that would likely include lower tariff quotas on steel and cars.

Starmer has been rushing to seal a pact with America before his big Brexit ‘reset’, due to be unveiled at a summit with the European Union on May 19.

It is the second big win for Starmer this week after he also sealed a trade pact with India on Tuesday. 

‘The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,’ Trump wrote on his Truth Social early Thursday morning. 

He added: ‘Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!’

Stock futures in the U.S. were up over night but have fallen slightly since Trump’s news broke around 6:30 a.m.

The markets and all major indices opened with a slight bump after a month of volatility and downturn. 

Trump’s top officials have engaged in a flurry of meetings with trading partners since the president on April 2 imposed a 10 percent tariff on most countries, along with higher ‘reciprocal’ tariff rates for many trading partners. 

He later suspended those rates from taking effect for 90 days amid an international meltdown and stock market crash.

Britain was not among the countries hit with additional tariffs since the UK imports more from the U.S. than it exports there.

Trump imposed 25 percent tariffs on cars, steel and aluminum, as well as a 25 percent tariffs on all goods from Canada and Mexico, and whopping 145 percent tariffs on China – making it nearly impossible for the CCP to trade with the U.S. 

On Tuesday, Trump said he and top administration officials would review potential trade deals over the next two weeks to decide which ones had acceptable terms.

Last week, the president said he has ‘potential’ trade deals worked out with India, South Korea and Japan.

He also raised the prospect of a transatlantic trade deal when Trump met with Starmer at the White House in February – before the president unveiled his ‘Liberation Day’ tariff barrage.

Hopes have dwindled of the United Kingdom getting an exemption from the ‘baseline’ 10 percent charges on goods entering America.

Starmer has ruled out several concessions the U.S. was thought to be considering as the price of a deal with Britain.

Trump said Wednesday he would ‘think about’ tariff exemptions for child-related products like car seats and diapers in order to bring the cost of them down.

Tariffs on China are hitting American parents hard in their wallets.

Virtually every car seat, stroller, bassinet and changing table sold in the U.S. is made in China.

Since Trump doubled Chinese tariffs, the prices of these items are set to increase even more.

When asked about considering exemptions for childcare products in the tariffs, Trump said:  ‘I don’t know. I’ll think about it.’ 

‘I want to make it nice and simple,’ Trump told reporters in the Oval Office. ‘I’m not looking to have so many exemptions that nobody knows what we’re doing. We have to make it very simple but I’ll take a look at it.’ 

The president’s comments came as investors anxiously await planned trade talks between Washington and Beijing on Saturday, which could mark the first step in resolving a potentially damaging trade war between the world’s top two economies.