8th May 2025 04:49
(Alliance News) - Donald Trump will announce a trade deal with the UK on Thursday, US media has reported, after the president touted a "major" upcoming agreement on social media.
The New York Times and Politico reported that Trump was set to agree to a deal with the UK, citing multiple people familiar with the plans.
Trump had written earlier on Wednesday the "major trade deal" would be announced with a "big, and highly respected country."
He said he would announce the deal at a 10:00 am, or 14:00 GMT, news conference in the Oval Office at the White House, and he touted the deal as the "first of many."
Trump imposed sweeping tariffs on US trading partners last month but temporarily froze most of them to allow for the negotiation of trade deals.
He has been claiming for weeks that countries were lining up to strike trade agreements with the US.
The Times said it was not clear whether a US trade deal with the UK had been finalised or if the two countries would announce a framework for an agreement that would be subject to further negotiation.
The UK earlier this week struck a free trade agreement with India, its biggest such deal since leaving the EU, after negotiations relaunched in February following US tariff threats.
Britain has sought to bolster trade ties across the world since it left the EU at the start of the decade under Brexit, a need that became more pressing after the US unleashed tariffs that risk causing weaker economic growth.
source: AFP
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