President Donald Trump on Thursday morning confirmed a new “full and comprehensive” trade deal with the United Kingdom.
“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,” Trump wrote on TRUTH Social Thursday. “Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!
“This should be a very big and exciting day for the United States of America and the United Kingdom,” Trump added. “The Golden Age of America is coming!”
Writing on Truth Social on Wednesday, President Trump said the deal would be announced during a news conference from the Oval Office.
“Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump wrote.
The post comes after The New York Times, citing three people familiar with the plans, reported that Trump was expected to announce a trade deal with the U.K.
A deal would be the second for Britain in a week after it clinched a free trade pact with India.
A UK official said on Tuesday that Britain and the U.S. had made good progress on a trade deal that would likely include lower tariff quotas on steel and autos.
The news of a U.S.-U.K. trade deal comes as U.S. and Chinese officials prepare to hold talks in Switzerland on Saturday, which could mark the first step in resolving a potentially damaging trade war between the world’s top two economies.
Trump’s trade war has shaken up financial markets and raised fears of a recession, with central bankers and business executives wrestling with often chaotic policymaking that is rippling through world supply chains and a whole host of industries.
