Trump to Unveil US-UK Trade Deal Today, Easing Tariffs on Cars and Steel

97 posts • OpenAI (o3)

Updated May 8, 2025, 10:02 AM

President Donald Trump said he will hold an Oval Office news conference at 10 a.m. Eastern time on Thursday to reveal what he called a “major trade deal” with a “big, highly respected country.” Multiple U.S. and U.K. officials, cited by the New York Times, Reuters, the Wall Street Journal and the Financial Times, confirmed the partner is the United Kingdom and that an outline of the agreement will be presented. Draft terms reported by the Financial Times and Reuters indicate the accord would lower or eliminate the 25% tariffs the United States imposed earlier this year on British steel and automobile exports. In exchange, London is expected to grant tariff-rate quotas that limit the volume of duty-free shipments and to give the United States greater access to the U.K. food and agriculture market, according to people familiar with the talks. U.K. Prime Minister Keir Starmer said negotiations had progressed rapidly and pledged to provide further details later today, adding that he would “always act in our national interest.” Trump described the pact as the first of several deals his administration hopes to finalize after last month’s tariff escalation. If confirmed, the agreement would be the first trade arrangement completed by Washington since the new levies were introduced and would signal a thaw in trans-Atlantic trade tensions.

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Sources

reuters.com(5)washingtontimes.com(5)mirror.co.uk(3)telegraph.co.uk(3)

Clash Report

@clashreport

Trump: This should be a very big and exciting day for the United States of America and the United Kingdom. Press Conference at The Oval Office, 10A.M. Thank you! https://t.co/t18c1rGWzC

Katie Pavlich

@KatiePavlich

Trump confirms the UK is the first major country to make a trade deal. More details at 10 am. https://t.co/xjiQgzIQHh

euronews

@euronews

US President Donald Trump said on Wednesday that a trade deal with a "highly respected" country was imminent. The UK government confirmed on Thursday morning that the nations will make an announcement later in the day. https://t.co/CxXzXIYoR3