US commerce deal LIVE: Trump prepares to announce ‘main’ UK deal | Politics | News | EUROtoday

Donald Trump will on Thursday announce the US has reached a “major trade deal” with a “highly respected country”, the US president stated.

Multiple media shops within the US, together with the New York Times, reported the deal was with the UK, citing individuals conversant in the plans.

Mr Trump took to his Truth Social platform to announce he would maintain a information convention within the Oval Office at 10am native time (3pm BST) a couple of “major trade deal with representatives of a big, and highly respected, country”.

It would mark the primary deal agreed upon since Mr Trump’s “liberation day” announcement of sweeping tariffs final month.

The US and UK have been holding discussions over a possible commerce deal, with Chancellor Rachel Reeves saying the Government has been working “flat out” to safe an settlement that will mitigate the affect of the tariffs.

The UK on Tuesday introduced it had come to phrases on a commerce take care of India, which can imply dramatic tariff reductions on scotch whisky and automotive exports to India.

Levies on aerospace, electricals and different meals merchandise will even fall beneath the settlement, whereas UK customers are anticipated to learn from tariffs being diminished on some Indian items reminiscent of clothes imported to the nation.