The US and UK are poised to announce a major trade deal after Donald Trump revealed his administration has reached an agreement with a “highly respected country”
Trump is expected to announce the deal with the UK at a news conference at about 3pm UK time.
“Big News Conference tomorrow at 10:00 A.M.,” Trump wrote. “The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!”
Keir Starmer has made a trade deal with the US a key priority, hoping it can reduce the impact of sweeping tariffs imposed by Mr Trump last month, which placed a 10 per cent levy on all UK exports and a 25 per cent charge on steel, aluminium and cars.
A UK deal would be a coup for the prime minister – the first agreement since Trump sent the world economy into chaos when he announced the tariffs on April 2.
Reports have previously suggested an agreement could also see the UK cut some tariffs on US products, and potentially reform the digital services tax, which affects US tech companies.
Ministers have repeatedly ruled out lowering food standards to allow more US agricultural products into the country, such as chlorinated chicken.
Trump to announce trade deal with ‘big respected country’
Donald Trump is expected to announce that his administration has reached a trade deal with the UK.
Trump teased an upcoming announcement of what he said was a “major trade deal” with a “big, and highly respected country” in a post on Truth Social but did not specify which country it was.
People familiar with negotiations told The New York Times that a deal had been struck with the UK after officials were in Washington, DC for negotiations.
“Big News Conference tomorrow at 10:00 A.M.,” Trump wrote late Wednesday. “The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!”
Rhian Lubin8 May 2025 07:22
