Former US President Donald Trump announced he will unveil a “major trade deal” with the United Kingdom on Thursday, signaling a possible easing of high tariffs that have recently strained global economic relations. In a post on Truth Social, Trump wrote: “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!!!” Later, he hinted the deal involves the UK, calling it “a very big and exciting day for the United States of America and the United Kingdom.” While full trade agreements typically take years to finalize, sources suggest Thursday’s announcement is more likely a memorandum of understanding, which could bring immediate relief from certain tariffs — particularly the UK’s 2% digital services tax on American tech firms. In return, the US may lower its 25% tariffs on UK steel, aluminum, and auto exports. Trump's administration had been in talks with several countries including India, Japan, and South Korea. Trade adviser Peter Navarro suggested the UK might be first to finalize an agreement, though no formal deals have yet been signed. Despite the significance of the announcement, analysts caution that it is unlikely to be a comprehensive trade deal. Instead, the move may serve as a short-term strategy to de-escalate trade tensions ahead of upcoming economic negotiations. The news comes amid a global climate of rising tariffs. A 10% universal tariff currently applies to most imports into the US, while many countries …
Trump Set to Announce Major Trade Deal With UK Amid Tariff Pressures
Former US President Donald Trump announced he will unveil a “major trade deal” with the United Kingdom on Thursday, signaling a possible easing of high tariffs that have recently strained global economic relations.
In a post on Truth Social, Trump wrote: “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!!!” Later, he hinted the deal involves the UK, calling it “a very big and exciting day for the United States of America and the United Kingdom.”
While full trade agreements typically take years to finalize, sources suggest Thursday’s announcement is more likely a memorandum of understanding, which could bring immediate relief from certain tariffs — particularly the UK’s 2% digital services tax on American tech firms. In return, the US may lower its 25% tariffs on UK steel, aluminum, and auto exports.
Trump’s administration had been in talks with several countries including India, Japan, and South Korea. Trade adviser Peter Navarro suggested the UK might be first to finalize an agreement, though no formal deals have yet been signed.
Despite the significance of the announcement, analysts caution that it is unlikely to be a comprehensive trade deal. Instead, the move may serve as a short-term strategy to de-escalate trade tensions ahead of upcoming economic negotiations.
The news comes amid a global climate of rising tariffs. A 10% universal tariff currently applies to most imports into the US, while many countries — including China — have imposed retaliatory duties. Treasury Secretary Scott Bessent is scheduled to meet Chinese trade officials in Geneva this weekend in another key effort to reduce tensions, though President Trump maintains he will not reduce tariffs on China ahead of any talks.
Economists warn that Trump’s ongoing tariff policies have already harmed global economic growth, with the US economy contracting in the first quarter. Institutions including the IMF and World Bank have projected long-term economic consequences if trade conflicts continue unchecked.
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