new us‑uk trade deal announcement set for thursday
Donald Trump announced overnight from Wednesday to Thursday, Polish 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 do 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 one of the countries.
- The President of the USA did not specify the particular country, but according to unofficial reports, it concerns 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.
What are the details of the new trade agreement?
Donald Trump announced that on Thursday, a new trade agreement would be signed by the United States.
"Great press conference tomorrow morning at 5:00 AM Greenwich Time in the Oval Office regarding a large trade agreement with the representatives of a great and very reputable 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".
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Agreement with the United Kingdom is to be a prelude to other agreements
CNN emphasises 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 will be the United Kingdom or India first, we have a little twist in India's story right now, which might slow things down, but I can assure Americans that there will be agreements, and they will be very good deals for Americans - said Peter Navarro, Trump's chief trade advisor, CNN reports.
Reuters reminds us that last week, Donald Trump announced that he has "potential" trade deals with India, South Korea, and Japan.
Source: CNN, "The New York Times", Reuters
