Trump to announce major trade agreement with big, and highly respected Britain: report

Published: Thursday, May 8, 2025 at 5:20 am

Trump Set to Announce Major Trade Deal with Britain, Report Says

President Trump is poised to announce a significant trade agreement with Britain on Thursday morning, according to a report from the New York Times. This deal would mark the first major trade agreement struck by the Trump administration with a foreign nation since the announcement of sweeping tariffs on US trading partners last month.

While specific details of the agreement remain undisclosed, the President himself hinted at the news on Truth Social, calling it a "MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY." He added, "THE FIRST OF MANY!!!"

The announcement comes amidst a backdrop of trade tensions. Trump's "Liberation Day" tariffs, announced on April 2nd, initially targeted various countries with a 10% baseline levy, with plans for steeper reciprocal tariffs. However, a 90-day pause was implemented shortly after, following requests from numerous nations seeking to renegotiate trade agreements. Britain, while subject to the initial 10% tariff, avoided the higher reciprocal rates. The US ally also faces a 25% import fee on steel, aluminum, and automobiles.

Treasury Secretary Scott Bessent revealed that the administration had initiated talks with 70 foreign governments to mitigate the impact of the tariffs. Negotiations with Japan, Australia, India, South Korea, Israel, and Vietnam were also expected. The report also suggests that deals with India and Israel are nearing completion.

Interestingly, Trump has recently downplayed the urgency of signing new trade deals, suggesting the US holds a strong negotiating position. Bessent has described this approach as "strategic uncertainty" designed to secure the best possible terms for the US. The announcement also comes as the Treasury Secretary is scheduled to meet with China over the weekend in Switzerland, marking the first trade talks between the two nations since Trump's reelection.

BNN's Perspective:

This deal, if finalized, could be seen as a positive step, potentially easing trade tensions and fostering stronger economic ties with a key ally. However, the lack of details raises questions about the agreement's scope and impact. The administration's approach to trade, characterized by both tariffs and negotiations, creates uncertainty, making it difficult to assess the long-term implications for the US economy and its international relationships.

Keywords:

Trump, trade deal, Britain, tariffs, agreement, Oval Office, Scott Bessent, Liberation Day, negotiations, economy, international trade, foreign policy, New York Times, China, India, Israel, Japan, Australia, South Korea, Vietnam, Mark Carney, Howard Lutnick, Laura Ingraham, Fox News, Switzerland

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