Trump hints at major UK trade deal to boost US relations
Donald Trump announced overnight from Wednesday to Thursday, Eastern Time, that a new trade agreement would be signed the next day. He did not specify the country, but media reports unofficially suggest that it is most likely the United Kingdom.
What you need to know
- Donald Trump announced that a press conference would be held on Thursday at the White House regarding a new trade agreement with a foreign country.
- The President of the USA did not specify the particular country, but according to unofficial reports, it involves the United Kingdom.
- The agreement may include the removal of certain trade barriers, such as the 2% digital tax imposed by the United Kingdom on American technology companies.
Details of the new trade agreement
Donald Trump announced that on Thursday, a new trade agreement would be signed by the United States.
"Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!" - announced Donald Trump on social media.
According to CNN's findings, it is about the United Kingdom. Similar unofficial reports are provided by "The New York Times".
Agreement with the United Kingdom as a prelude to other agreements
CNN emphasizes that the agreement with the United Kingdom could be the first step towards easing tariffs imposed by Donald Trump's administration.
- I don't know if it's going to be the UK first or India first, it's — we've got a little twist in the in this India story, so that might slow things down there, but I can assure the American people that there will be deals, and they will be very good deals for the American people - said Peter Navarro, Trump's chief trade advisor, according to CNN reports.
Reuters reminds us that last week, Donald Trump announced that he has "potential" trade deals with India, South Korea, and Japan.
