U.S., Britain To Announce Trade Deal On Thursday, New York Times Says

Yahoo Finance
2025.05.08 02:35
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U.S. President Donald Trump is set to announce a trade deal with Britain on Thursday, as reported by the New York Times. Trump indicated on Truth Social that he would hold a news conference regarding a "major trade deal" at 10 a.m. EDT. The deal is expected to include lower tariff quotas on steel and autos. This announcement follows Trump's recent imposition of tariffs on various countries, while Britain has not faced additional tariffs due to its trade balance with the U.S. Further trade deals with India, South Korea, and Japan are also under review.