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Donald Trump plans to announce a trade agreement with the United Kingdom on Thursday, according to people familiar with the issue, in what would make Great Britain the first country to conclude an agreement with the United States since the White House announced scanning tariffs last month.
The American president declared Wednesday in an article on his Truth social platform that a “big press conference” came “concerning a major trade agreement with representatives of a large country and highly respected”.
The expected agreement of the United Kingdom is one of the 17 that Trump aimed to sign with his main business partners while the White House is back on the world price Announced on April 2.
The American president was under pressure to conclude early agreements to convince investors that he is serious about the defense after his announcement as a “liberation day” of April 2 sparked unrest in the financial markets.
The complete scope and details of the commercial pact expected on Thursday were not clear, especially if other negotiations would be necessary to finalize it.
THE Financial Times reported On Tuesday, Washington and London were about to accept a pact that would offer lower price quotas for British cars and steel exports, which were affected with 25% samples by Trump in February and March.
British Prime Minister Sir Keir Starmer is also under pressure to conclude an agreement with Washington after the car and steel industries warned against the “devastating” effects of prices.
Savings of the steel industries and cars of the entire weight of tasks would help compensate for the impact of “release day” impact on British exports to the United States, which was set at the reference rate of 10% last month.
A spokesperson for the Prime Minister said: “The United States is an essential ally for our economic and national security. The talks on an agreement between our countries continued in Pace and the Prime Minister will update later during the day. ”
Trump administration officials also organized talks with several countries, including Japan, Vietnam, India and the EU.
US Treasury Secretary Scott Bessent is expected to go to Switzerland Thursday before talks with Chinese officials. Tensions between Washington and Beijing have sparked fears of a harmful drop in trade between the two largest economies in the world.
Trump's transition to commercial negotiations followed a sales market sale last month after the United States struck many business partners with so-called reciprocal prices of up to 50%. However, he then lowered these rates to the reference rate of 10% for 90 days to give way to negotiation.
In addition to a reaction from investors, Trump has faced the recriminations of Democrats and even some Republicans who believe that his radical prices damage the economy and risk reviving inflation. Surveys have shown that Americans hide on Trump management of the economy.
However, Trump and his senior officials continued to defend their pricing policies on the grounds that they wish to reset the global economy so that the United States produces more at the national level and depend less on imports – even if it brings a short -term disturbance.
The White House did not respond to requests for comments.
The New York Times reported for the first time on Thursday's commercial announcement concerned the United Kingdom.
