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Donald Trump plans to announce a trade agreement with the United Kingdom on Thursday, according to people familiar with the issue, in what would make Britain the first place that reached an agreement with the US after the White House announced comprehensive fees last month.
The US president said in a post on his social platform of truth on Wednesday that a “big press conference was coming” about a major trade agreement with representatives of a large and highly respected country. ”
The expected agreement in the UK is one of the 17 which Trump has sought to sign with its large trading partners, while the rows of the White House again at the global tariffs announced on April 2.
The US president has been under pressure to offer some early agreements to convince investors that he is serious about the de-escalation after his announcement “ERITION DELIVERY” caused unrest in the financial markets.
The full extent and details of the trade pact expected on Thursday were not clear, including if further negotiations would take to complete it.
Financial Times reported on Tuesday that Washington and London were close to agree with a pact that would offer low -tariff quotas for British cars and steel exports, which were hit with 25 percent of Trump taxes in February and March.
UK Prime Minister Sir Keir Starmer is also under pressure to reach an agreement with Washington as the car and steel industry warned of “devastating” tariff effects.
Savings of steel industries and cars from the full burden of tasks will help compensate for “ERITION Liberation” tax impact on UK exports to the US, which were set at the starting level of 10 percent last month.
A prime minister’s spokesman said: “The United States is an indispensable ally for our economic and national security. Talks on an agreement between our countries have continued with Pace and the Prime Minister will be updated later today.”
Trump administration officials have also held talks with many countries including Japan, Vietnam, India and the EU.
US Treasury Secretary Scott Bessent is set to travel to Switzerland on Thursday ahead of talks with Chinese officials. Tensions between Washington and Beijing have caused fear of a detrimental decline in trade between the two largest economies in the world.
Trump’s change towards trade negotiations followed a sale in the stock markets last month after the US hit many trading partners with so -called reciprocal tariffs up to 50 percent. However, he then lowered those tariffs at the initial rate of 10 percent for 90 days to give room for negotiations.
As well as a reaction from investors, Trump has faced Farkat by Democrats and even some Republicans who believe his comprehensive tariffs are damaging the economy and risking reigning inflation. Surveys have shown that Americans are promoting the treatment of Trump’s economy.
However, Trump and its senior officials have continued to protect their tariff policies on the grounds that they want to restore the global economy, so the US produces more domestic and are less dependent on imports-even if it brings short-term interruptions.
The White House did not respond to requests for comment.
The New York Times first reported that Thursday’s trade announcement regarding the UK.
