Trump Announces Major Trade Deal with UK, Reducing Tariffs

Former President Donald Trump is expected to announce a major trade agreement between the United States and the United Kingdom, marking potentially the first such deal under the new UK government led by Keir Starmer. While the details remain unclear, reports suggest the agreement will involve reduced tariffs on steel and automobiles, as well as broader discussions about lowering trade barriers on both sides. Trump has signaled this deal is intended to be the first of several bilateral trade arrangements as part of a broader push for 'reciprocal tariffs.' The announcement follows the UK's recent trade deal with India and comes amid ongoing negotiations with other major economies. However, analysts caution that UK manufacturers, integrated into European supply chains, may face complications if the US maintains or expands tariffs on other global partners. Both governments have framed the deal as a significant economic boost, though full specifics are yet to be disclosed.