Trump Set to Declare Trade Agreement with UK
Details regarding the agreement were not readily accessible.
TroibNews 
President Donald Trump is set to reveal details of a trade agreement with the United Kingdom on Thursday morning, as confirmed by two sources who spoke on the condition of anonymity to disclose non-public information.
While specific details of the agreement are currently unavailable, this pact could signify a notable advancement for the United States, which has been entrenched in negotiations with multiple countries after imposing substantial tariffs on its global trading partners last month. The agreement also hints at the possibility of similar deals emerging with other nations.
Trump hinted at the forthcoming announcement in a post on Truth Social late Wednesday night. He 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!!!”
The White House has not provided further comments on the matter.
In the wake of recent turbulence, Trump is searching for ways to alleviate economic anxiety and ease relations with trading partners. His administration has suggested since the weekend that an initial agreement could be finalized as early as this week.
It remains uncertain if Thursday’s announcement will be a comprehensive trade agreement or merely a framework, with specific details to be determined later.
According to the Guardian, senior British trade negotiators arrived in Washington on Wednesday, as the U.K. seeks to finalize a trade agreement before the upcoming U.K.-EU summit later this month.
In April, the U.S. imposed a 10 percent tariff on the U.K., which did not incur a reciprocal tariff of greater magnitude since the U.K. imports more from the U.S. than it exports. However, the U.K. has been affected by the 25 percent tariffs placed by the U.S. on steel, aluminum, and foreign cars.
Negotiations with the U.K. were previously considered a lower priority as the U.S. focused on discussions with India, Japan, and South Korea, aiming to pressure China back to the negotiating table.
As recently as Tuesday, Trump had downplayed expectations for a swift deal. “I wish they'd keep, you know — stop asking, ‘How many deals are you signing this week? because one day we'll come and we'll give you 100 deals,” he told reporters in the Oval Office.
The Trump administration faces mounting pressure to announce trade agreements as Americans, manufacturers, and retailers prepare for increased prices in the coming weeks, following a sharp decline in shipments to West Coast ports, the lowest seen since the early days of the pandemic. Supply chain issues may lead to shortages of everyday goods such as cars, furniture, clothing, and toys.
Debra A Smith for TROIB News
While specific details of the agreement are currently unavailable, this pact could signify a notable advancement for the United States, which has been entrenched in negotiations with multiple countries after imposing substantial tariffs on its global trading partners last month. The agreement also hints at the possibility of similar deals emerging with other nations.
Trump hinted at the forthcoming announcement in a post on Truth Social late Wednesday night. He 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!!!”
The White House has not provided further comments on the matter.
In the wake of recent turbulence, Trump is searching for ways to alleviate economic anxiety and ease relations with trading partners. His administration has suggested since the weekend that an initial agreement could be finalized as early as this week.
It remains uncertain if Thursday’s announcement will be a comprehensive trade agreement or merely a framework, with specific details to be determined later.
According to the Guardian, senior British trade negotiators arrived in Washington on Wednesday, as the U.K. seeks to finalize a trade agreement before the upcoming U.K.-EU summit later this month.
In April, the U.S. imposed a 10 percent tariff on the U.K., which did not incur a reciprocal tariff of greater magnitude since the U.K. imports more from the U.S. than it exports. However, the U.K. has been affected by the 25 percent tariffs placed by the U.S. on steel, aluminum, and foreign cars.
Negotiations with the U.K. were previously considered a lower priority as the U.S. focused on discussions with India, Japan, and South Korea, aiming to pressure China back to the negotiating table.
As recently as Tuesday, Trump had downplayed expectations for a swift deal. “I wish they'd keep, you know — stop asking, ‘How many deals are you signing this week? because one day we'll come and we'll give you 100 deals,” he told reporters in the Oval Office.
The Trump administration faces mounting pressure to announce trade agreements as Americans, manufacturers, and retailers prepare for increased prices in the coming weeks, following a sharp decline in shipments to West Coast ports, the lowest seen since the early days of the pandemic. Supply chain issues may lead to shortages of everyday goods such as cars, furniture, clothing, and toys.
Debra A Smith for TROIB News
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