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.
Nvidia, the world's most valuable chip company, is investigating its own boss, and China says the reasons behind it are false....
Spain’s government has approved a package of rail safety measures after train drivers went on strike on Tuesday to demand more investment in ...
Russia has declared a Moldovan diplomat at the country’s embassy in Moscow undesirable, in retaliation fo...
Delegations from Russia, Ukraine and the United States met in Abu Dhabi on Tuesday for their first formal talks in nine months. They did so with no agreement on what a ceasefire would be tied to or who gets to keep the land currently under Russian control.
At least 17 people have been reported killed in an explosion at a steel plant in western Türkiye, after a crane collapsed during maintenance work. The disaster has prompted a criminal investigation into what went wrong at the industrial facility.
Russia and Ukraine are set to return to Abu Dhabi on Tuesday for a fourth round of U.S.-brokered peace talks, with European participation, security guarantees and territorial disputes expected to shape the negotiations.
Nvidia has launched an independent investigation into whether its chief executive, Jensen Huang, was targeted in a foreign intelligence operation, following allegations that a businesswoman with whom he had a relationship passed information to Beijing.
U.S. envoy Jared Kushner said Washington believes the Russian President is prepared to reach a peace agreement under the right conditions, as U.S., Russian and Ukrainian delegations began trilateral talks in Abu Dhabi on Tuesday 10 November.
Nvidia, the world's most valuable chip company, is investigating its own boss, and China says the reasons behind it are false.
Spain’s government has approved a package of rail safety measures after train drivers went on strike on Tuesday to demand more investment in maintenance, following the country’s second deadly rail crash this year.
Russia has declared a Moldovan diplomat at the country’s embassy in Moscow undesirable, in retaliation for a similar move by Moldova last month, the Russian Foreign Ministry said on Tuesday (10 November).
A senior U.S. Army soldier has been arrested in Britain on suspicion of assisting Russian intelligence, British police said on Tuesday (10 November), a day after the United States moved aircraft out of a British air base over an apparent threat from Iran.
Reciprocal visits underline the “one nation, two states” alliance, with both leaders describing their bond as unshakable.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment