File photo: US President Donald Trump
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REUTERS
Donald Trump said the US had reached a trade agreement with the UK on Thursday, marking the first of his promised deals.
The details of the deal are expected to signal the direction of the US president’s global trade war. Trump posted on his social media platform that he had reached a comprehensive agreement with the UK and promised several others to come.
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honour to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!” he wrote.
The White House is due to release details of the agreement at 10 am Washington time.
Optimism that a deal will be positive for the UK economy earlier lifted stocks and the pound.
The US president has faced political pressure to find an off-ramp from his plan to raise US tariffs to their highest level in a century, as polls show Americans souring on his economic stewardship. Trump signalled the deal he’ll discuss would be the first of many as he looks to topple barriers to US exports and calm market turmoil driven by the sweeping scope of his tariffs.
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Published on May 8, 2025