Donald Trump To Announce Trade Agreement With Uk: Report

US President Donald Trump is anticipated to denote a waste and acquisition statement betwixt nan United States and Britain connected Thursday, arsenic reported by nan New York Times, citing 3 individuals acquainted pinch nan plans. This comes arsenic Trump mentioned connected Truth Social that he would behaviour an Oval Office news convention connected Thursday regarding a "major waste and acquisition woody pinch representatives of a big, and highly respected, country.”

While he did not supply further details, Trump indicated it would beryllium nan "first of many." A White House spokesperson declined to remark connected nan Times report. This woody would beryllium nan 2nd for Britain successful a week, pursuing a free waste and acquisition statement pinch India.

A UK charismatic stated connected Tuesday that Britain and nan US had made important advancement connected a waste and acquisition woody that would apt impact reduced tariff quotas connected alloy and automobiles. Britain is besides engaged successful "active discussions" pinch elder US officials regarding nan 100 per cent tariff connected each films produced extracurricular nan US, arsenic announced by Trump, according to imaginative industries curate Chris Bryant successful parliament. 

The announcement of a US-UK waste and acquisition woody coincides pinch preparations by US and Chinese officials to clasp discussions successful Switzerland connected Saturday. Trade specialists person cautioned that Trump's demands mightiness compel London to reside delicate issues related to trading relationships pinch nan European Union and China. 

Analysts item that British manufacturers, being portion of European and world proviso chains, could suffer from retaliatory actions against US tariffs.

Trump's elder officials person been actively engaging successful galore meetings pinch trading partners since nan president imposed a 10 per cent tariff connected astir countries connected April 2, on pinch higher "reciprocal" tariff rates for galore trading partners, though these rates were later suspended for 90 days. Britain was not among nan countries affected by further tariffs, arsenic it imports much from nan US than it exports there.

Trump has besides implemented 25 per cent tariffs connected automobiles, steel, and aluminium, 25% tariffs connected Canada and Mexico, and 145 per cent tariffs connected China. On Tuesday, Trump mentioned that he and elder management officials would measure imaginable waste and acquisition agreements complete nan adjacent 2 weeks to find which ones to accept. Last week, he stated that he has "potential" waste and acquisition deals pinch India, South Korea, and Japan.

Published on: May 8, 2025 9:53 AM IST