Trump set to announce major UK-US trade deal amid global tariff fallout

President Donald Trump is expected to announce a long -awaited trade deal with the United Kingdom on Thursday, which represents a potential breakthrough in Atlantic relations amid increasing global trade tensions resulting from his comprehensive introductory system.

The president disturbed the advertisement in a post on the social truth, and promised a “major commercial deal” at a press conference scheduled for 10 am in the Oval Office. While Trump did not call the country, the New York Times reported that the deal will be with the United Kingdom – a claim by UK officials.

“The first of many !!!” Trump wrote.

According to UK government sources, the agreement is expected to include less tariffs on steel and cars in the United Kingdom, with mutual concessions from Britain on digital taxes and reducing customs tariffs on American cars and agricultural goods.

This declaration comes at a major political moment for Prime Minister Kiir Starmer, who hopes to close a trade agreement with the United States before unveiling a plan to re -appoint him after Britain’s exit from the European Union at the European Union summit on May 19.

The Financial Times reported that the deal project will secure stakes for car and steel exports in the United Kingdom, as well as discounts in the 10 % foundation tariff imposed by the United States earlier this year. On the other hand, Britain may reduce digital services tax and make modest concessions to American agriculture and vehicles.

Since the launch of the “Liberation Day” tariff on April 2, Trump has launched or reviewed import duties ranging from 10 % to 145 %, which affects almost every imported product category. While the United Kingdom has succeeded in an additional tariff – to a large extent because it imports more than the United States than exporting it there – many fear that it will be arrested in cross fire.

Trump has suspended his harsh definitions for 90 days, including fees for trading partners such as Japan, South Korea and the European Union. But Britain is racing to secure a dedicated deal before the end of the allowance.

“We have possible trade deals with India, South Korea and Japan,” Trump said earlier this week. “We are reviewing them now.”

Despite the progress made, Prime Minister Starmer has ruled out the main American demands, including decrease in food safety standards and changes in online safety legislation, which some American legislators see restrictions on freedom of expression.

This refusal may mean that the UK is still 10 %, instead of receiving complete exemption-but to secure export friendly classes can provide great comfort for British manufacturers.

Trump’s advertisement comes before the high risks of commercial talks between the United States of China scheduled for Saturday, as investors hope that two of the great powers will be able to start resolving their escalating economic conflict.

Trump alluded to the customs tariff exemptions for childcare products, such as car seats and diapers, amid the increasing pressure on the high costs of parents.

“I want to make it nice and simple,” Trump said. “I am not looking for a lot of exemptions to the point that no one knows what we are doing … but I will take a look at it.”

With the tariffs of definitions that hit consumers hard and face companies in the global supply chain, the United Kingdom deal may provide a rare moment of clarity – and relief – while it was a disturbed chapter in global trade.

While the details of the deal remains under the winding, the financial markets are expected to respond quickly as soon as the official announcement is issued. Investors closely monitor references on how Washington plans to deal with other outstanding commercial negotiations, and whether this deal can put a precedent for other countries looking to move in Trump’s increasingly protection agenda.

Currently, the UK appears to be preparing to be in the first line of a commercial agreement, as it provides a strategic victory for both sides-a possible increase in a besieged British economy looking to reaffirm its global accreditation data after Francitra.