Donald Trump has said he will reveal a “major trade deal” on Thursday amid reports he is to announce a an agreement between the US and UK.
The New York Times said the US president was set to reveal the long-awaited agreement, citing three people familiar with the plans.
It came shortly after Trump teased an upcoming announcement about a “major trade deal with representatives of a big, and highly respected, country,” which he said would take place on Thursday morning.
In a post on his TruthSocial platform, the president added that it would be the first of many but provided no further details, including which country.
Trump’s top officials have engaged in a flurry of meetings with trading partners since the president on 2 April imposed a 10% tariff on most countries, along with higher tariff rates for many trading partners, though those rates were later suspended for 90 days.
Britain was not among the countries hit with additional tariffs, because it imports more from the US than it exports there.
He has also imposed 25% tariffs on autos, steel and aluminum, 25% tariffs on Canada and Mexico, and 145% tariffs on China.
The White House has not commented on the New York Times’ report.
A UK official said on Tuesday that the two countries had made good progress on a trade deal that would likely include lower tariff quotas on steel and autos.
Trump’s top officials have engaged in a flurry of meetings with trading partners since the president on April 2 imposed a 10% tariff on most countries, along with higher “reciprocal” tariff rates for many trading partners, though those rates were later suspended for 90 days.
On Tuesday, Trump said that he and top administration officials would review potential trade deals over the next two weeks to decide which ones to accept.
Last week, he said that he has “potential” trade deals with India, South Korea and Japan.
With agencies
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