Donald Trump expected to announce framework of US-UK trade deal
Donald Trump is expected to announce the framework of a trade agreement with the UK after teasing a major announcement with a “big and highly respected, country.”
The specifics of any agreement were not immediately clear and there was no comment from the White House or the British embassy in Washington on whether an actual deal had been reached or if the framework would need further negotiation. Any agreement would mark the first such deal for the administration since it imposed sweeping tariffs against trade partners last month.
In a post on Truth Social previewing the announcement, Trump was vague and did not disclose the country or the terms.
“Big news conference tomorrow morning at 10:00am, the Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump wrote in a post on Truth Social.
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PA Media reports a Number 10 spokesperson said:
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The prime minister will always act in Britain’s national interest – for workers, for business, for families. The US is an indispensable ally for both our economic and national security. Talks on a deal between our countries have been continuing at pace and the prime minister will update later today.
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Defence secretary John Healey is appearing on Sky News at the moment, speaking from Westminster ahead of VE Day commemorations later today.
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He has already appeared earlier on Times Radio, where he was coy about commenting on the prospects for a UK-US trade deal. PA Media report he told listeners of that station:
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It’s certainly true that the US is an indispensable ally for the UK, both on economic and national security grounds. It’s also true that since the prime minister visited the White House in February we have been in detailed talks about an economic deal.
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But I have to say, throughout that period, ministers like me have been keen to give the negotiations the space to get the best possible deal for the UK. So, we just haven’t been giving a running commentary on developments or timelines, so I’m not going to start now.
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Donald Trump is expected to announce the framework of a trade agreement with the UK after teasing a major announcement with a “big and highly respected, country.”
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The specifics of any agreement were not immediately clear and there was no comment from the White House or the British embassy in Washington on whether an actual deal had been reached or if the framework would need further negotiation. Any agreement would mark the first such deal for the administration since it imposed sweeping tariffs against trade partners last month.
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In a post on Truth Social previewing the announcement, Trump was vague and did not disclose the country or the terms.
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“Big news conference tomorrow morning at 10:00am, the Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump wrote in a post on Truth Social.
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Key events
No 10 to give update on UK-US trade deal prospects later today
Keir Starmer will give an update on the prospects for a UK-US trade deal later today, it has been announced.
PA Media reports a Number 10 spokesperson said:
The prime minister will always act in Britain’s national interest – for workers, for business, for families. The US is an indispensable ally for both our economic and national security. Talks on a deal between our countries have been continuing at pace and the prime minister will update later today.
Healey: ‘detailed talks’ over UK-US trade deal but ‘keen to give the negotiations space’
Defence secretary John Healey is appearing on Sky News at the moment, speaking from Westminster ahead of VE Day commemorations later today.
He has already appeared earlier on Times Radio, where he was coy about commenting on the prospects for a UK-US trade deal. PA Media report he told listeners of that station:
It’s certainly true that the US is an indispensable ally for the UK, both on economic and national security grounds. It’s also true that since the prime minister visited the White House in February we have been in detailed talks about an economic deal.
But I have to say, throughout that period, ministers like me have been keen to give the negotiations the space to get the best possible deal for the UK. So, we just haven’t been giving a running commentary on developments or timelines, so I’m not going to start now.
In the morning Politico newsletter, Andrew McDonald makes the following point worth bearing in mind. He writes:
This was never meant to be a comprehensive free trade agreement (FTA) with the US, of the sort that previous Tory governments tried and failed to win. Instead, this had been pitched by UK officials as a narrow economic pact to avoid tariffs and work together on AI and critical tech. How narrow or otherwise, we should know soon.
Here is our earlier report from my colleague Hugo Lowell in Washington …
Labour’s defence secretary John Healey and the Conservative shadow defence secretary James Cartlidge are on the media round this morning. They are likely to be questioned about the prospects for a US-UK trade deal announcement, as well as the conflict this week in Kashmir. I’ll bring you the key lines that emerge.
In its report suggesting that a trade deal between the US and UK would be the subject of Donald Trump’s promised announcement, the New York Times quotes Timothy C Brightbillan international trade attorney at Wiley Rein, who suggested any announcement would consist of “an agreement to start the negotiations, identifying a framework of issues to be discussed in the coming months.
“We suspect that tariff rates, non-tariff barriers and digital trade are all on the list –and there are difficult issues to address on all of these,” he added.
The UK government is likely to have in its sights a reduction in the 25% tariff on automobile sales that the Trump administration imposed. That has led to some British manufacturers pausing shipments across the Atlantic.
A team of senior British trade negotiators is in Washington in the hopes of seucuring the trade deal. Last night, government sources said the recent announcement by the US president, Donald Trump, of film industry tariffs had proved a significant setback.
One person briefed on the talks said: “We have a senior team on the ground now, and it may be that they are able to agree something this week. But the reality is the Trump administration keeps shifting the goalposts, as you saw with this week’s announcement on film tariffs.”
Another said Trump’s threat of 100% tariffs on films “produced in foreign lands”, which could have a major impact on Britain’s film industry, had “gone down very badly in Downing Street”.
UK officials say they are targeting tariff relief on a narrow range of sectors in order to get a deal agreed before they begin formal negotiations with the EU over a separate European agreement. A draft deal handed to the US a week ago would have reduced tariffs on British exports of steel, aluminium and cars, in return for a lower rate of the digital services tax, which is paid by a handful of large US technology companies.
Officials from the trade department hoped to reach an agreement on two outstanding issues, pharmaceuticals and films. Trump has said he will impose tariffs on both industries, mainstays of the British economy, but has not yet given details.
Keir Starmer has ruled out reducing food production standards to enable more trade of US agricultural products, as officials prioritise signing a separate agreement with the EU, which is likely to align British standards with European ones.
Donald Trump expected to announce framework of US-UK trade deal
Donald Trump is expected to announce the framework of a trade agreement with the UK after teasing a major announcement with a “big and highly respected, country.”
The specifics of any agreement were not immediately clear and there was no comment from the White House or the British embassy in Washington on whether an actual deal had been reached or if the framework would need further negotiation. Any agreement would mark the first such deal for the administration since it imposed sweeping tariffs against trade partners last month.
In a post on Truth Social previewing the announcement, Trump was vague and did not disclose the country or the terms.
“Big news conference tomorrow morning at 10:00am, the Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump wrote in a post on Truth Social.