The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

Much of the agreement President Trump unveiled Thursday still needs to be negotiated, but the administration said the deal with one of America’s closest allies would be the first of many.

The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.

President Donald Trump has dismissed critics who have asked how many deals he has brokered after he paused some tariffs last month to allow for negotiations.

The National Corn Growers Association applauded the new bilateral trade agreement that increases access for American agricultural products to the United Kingdom, including ethanol. During the announcement,

U.K. trade front as a hopeful sign that more agreements can be reached, as President Trump starts making some headway on the trade fight he started months ago, said Peter Cardillo, chief market economist at Spartan Capital Securities.

President Trump lauded the agreement as the first with a major trading partner since he imposed blanket tariffs on countries worldwide.