Donald Trump ‘set to announce trade deal with UK’ – what we know so far

Donald Trump and the UK will announce a trade deal to reduce tariffs, reports have said.

The US President teased an announcement on his Truth Social account that there was going to be a ‘big news conference’ announced today involving a ‘major trade deal’.

He said: ‘Big News Conference tomorrow morning at 10am (3pm BST), the Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!’

It would mark the first deal agreed upon since Trump’s ‘liberation day’ announcement of sweeping tariffs last month.

The Times reported details were still being finalised last night and it was not clear if a final agreement has been reached or if it would just be a framework that will lead to further talks.

A spokeswoman for Number 10 said trade talks with the US have been ‘continuing at pace’ and the Prime Minister will provide an update ‘later today’.

The US and UK have been holding discussions over a potential trade deal, with Chancellor Rachel Reeves saying the Government has been working ‘flat out’ to secure an agreement that would mitigate the impact of the tariffs.

The Government has been pursuing a deal with the US to reduce the impact of sweeping tariffs imposed by Trump last month, which placed a 10% levy on all UK exports and a 25% charge on steel, aluminium and cars.

If Trump does announce a deal with the UK, it will be the first agreement since he announced the tariffs on April 2.

Earlier this week, the Government announced it had come to terms on a trade deal with India, which will mean dramatic tariff reductions on scotch whisky and car exports to India.

Got a story? Get in touch with our news team by emailing us at webnews@usnewsrank.com. Or you can submit your videos and pictures here.

For more stories like this, check our news page.

Follow usnewsrank.com on Twitter and Facebook for the latest news updates. You can now also get usnewsrank.com articles sent straight to your device. Sign up for our daily push alerts here.