U.S. President Donald Trump is expected to announce a major trade deal with the UK on Thursday, marking Britain’s second deal in a week and potentially lowering tariffs on steel and autos, according to sources cited by the New York Times.
U.S. President Donald Trump is expected to announce a trade agreement between the United States and the United Kingdom on Thursday, according to a New York Times report citing sources familiar with the matter. Trump posted on Truth Social that he would host a press conference at 10 a.m. EDT in the Oval Office to reveal a "major trade deal with representatives of a big, and highly respected, country", though he did not provide specific details, only noting that it would be the "first of many".
While the White House has not commented on the report, the news led to a rise in the British pound. This would be Britain’s second major trade agreement in a week, following a recent deal with India. A UK official said progress had been made with the U.S., likely involving reduced tariffs on steel and automobiles. Meanwhile, Britain is in talks with U.S. officials regarding the recently announced 100% tariff on foreign-produced films.
The timing of this announcement is notable, as U.S. and Chinese officials are also set to meet in Switzerland on Saturday for trade talks aimed at easing tensions between the world’s two largest economies. Trump's tariffs and aggressive trade stance have caused volatility in global markets and supply chains, prompting warnings from economists and institutions like the International Monetary Fund, which recently lowered growth forecasts due to rising trade tensions.
Trade analysts caution that the U.S.-UK agreement could put the UK in a difficult position, given its ties with both the EU and China. British manufacturers, often integrated into broader European supply chains, could face unintended consequences if retaliatory tariffs are imposed.
Since imposing a 10% tariff on most countries in early April- with exceptions and suspensions- Trump’s administration has been actively negotiating with various nations. Notably, the UK was spared from the additional tariffs due to its trade surplus with the U.S. Trump has also placed steep tariffs on goods from Canada, Mexico, China, and several other nations. He mentioned that his team would review possible trade agreements over the coming two weeks, and hinted at ongoing negotiations with India, South Korea, and Japan.
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U.S. Defense Secretary Pete Hegseth says the United States is making gains in its conflict with Iran after a key Iranian naval target was destroyed, confirming that the strike was carried out by a U.S. submarine off the coast of Sri Lanka. Rescue efforts are now under way for the ship’s crew.
The U.S. Department of Defense has released a video of a submarine strike on an Iranian warship off the southern Sri Lankan coast. At least 80 people died in the U.S. attack on the vessel, Sri Lanka's Deputy Foreign Minister said.
Tehran residents walk past the ruins of buildings destroyed by U.S.-Israeli airstrikes. Meanwhile, groups of people gather on the streets of the Iranian capital holding flags of the Islamic Republic of Iran.
Türkiye’s President Recep Tayyip Erdoğan has told Pakistan’s Prime Minister Shehbaz Sharif that Ankara is ready to help reinforce the ceasefire between Pakistan and Afghanistan, as clashes between the two neighbours continue for a sixth consecutive day.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
A torpedo from a U.S. submarine has sunk an Iranian warship off the coast of Sri Lanka, U.S. Secretary of Defense, Pete Hegseth told reporters. The Sri Lankan navy carried out a rescue operation for dozens of sailors in the wake of the strike.
The U.S. embassy in Riyadh was hit by two drones resulting in a limited fire and some material damage, the kingdom's defence ministry said in a post on X on Tuesday, citing an initial assessment.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
U.S. Defense Secretary Pete Hegseth says the United States is making gains in its conflict with Iran after a key Iranian naval target was destroyed, confirming that the strike was carried out by a U.S. submarine off the coast of Sri Lanka. Rescue efforts are now under way for the ship’s crew.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of February, covering the latest developments you need to know.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
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