Big news…
President Donald Trump on Thursday morning confirmed a new “full and comprehensive” trade deal with the United Kingdom.
“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 TRUTH Social on Thursday. “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!
“This should be a very big and exciting day for the United States of America and the United Kingdom,” Trump added. “The Golden Age of America is coming!”
The New York Times, citing three people familiar with the plans, first reported that Trump was expected to announce a trade deal with the U.K.
Trump wrote Wednesday that a deal would be announced during a news conference from the Oval Office, but he did not specify which nation the agreement was with at the time.
“Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump wrote.
As of April 5, the U.S. has imposed a 10% reciprocal tariff on imports from the U.K. The Trump administration’s 25% global tariff on cars took effect on April 3, impacting all imported vehicles, even from traditional U.S. allies, including the U.K. A 25% tariff on U.S. imports of steel, aluminum and derivative products took effect on March 12.
A U.K. official said on Tuesday that Britain and the U.S. had made good progress on a trade deal that would likely include lower tariff quotas on steel and autos.
