President Donald Trump will announce on Thursday that the United States has reached a trade agreement with the UK, according to The New York Times.
The deal, which is set to be announced early in the morning at a press event within the oval, was the first confirmed agreement since Trump hit twelve -two US trade partners with extensive tariffs.
The President did not name the country on his Wednesday night post, but the announcement proved that Britain was the first. Trump write In fact social:
“Big News Conference tomorrow morning at 10:00 am, the Oval Office, about a major trade deal with representatives of a large, and highly respected, country. The first of many !!!”
That's all the White House said right now.
Trump's trade approach has a UK trade approach to the front
No other country has reached a deal. Britain is now first, and the stakes are high. It is still unclear whether the deal is fully finalized or if the announcement of Thursday is just the start of a formal conversation. Either way, this is Trump's first public outcome of the tactics in the economic economy.
The UK has been pursuing it for many years. After Brexit, it is easy to access markets in Europe and require new trade routes. A US deal is a top priority, but nothing came from the conversations under Joe Biden.
Things started moves Again this year when Prime Minister Keir Starmer met Trump in February at the White House, bringing a formal invitation from King Charles III for Trump to make another state visit to Britain.
Trump's interest is not new. His team tried to organize in the UK on his first term, but never closed the deal. Since returning to the office, Trump's trade officials have been pursuing agreements with other countries such as India, Israel, Japan, South Korea, and Vietnam.
Not yet before. But on Tuesday, Trump made it clear that he was not in a hurry. “We don't have to sign a deal,” he said. “We can sign 25 deals now, Howard, if we want. They need to sign a deal with us.” He talks to Howard Lutnick, the Commercial Secretary.
This trade transfer is different from the long, full-scope agreements that pass through Congress. Those who last more than a year and occupy almost every industry. Trump's approach relies on smaller, rapid announcements of agreements.
These do not require votes in Washington. In his first term, Trump replaced NAFTA, reunited in South Korea, and signed a group of what he called “mini-deal,” which targeted only a few sectors such as farm goods or tech taxes.
Although the UK closed a new deal with the US, it also signed a trade pact in India on Tuesday. That Agreement lowers tariffs between the two and provides British companies to better access India's insurance and banking sectors. It followed for nearly three years of conversations.
British officials are still organizing the European Union, which means the country is moving in many fronts to generate stronger trade relations after Brexit left it. But dealing with Trump may be the highest profile yet-not because of the details, but because of what it says in politics.
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