🔴 ⚠️ BREAKING: US-UK trade pact will leave the 10% US tariff in place – CNN.
— FinancialJuice (@financialjuice) May 8, 2025
Trump's "big" trade deal is with the UK:
– It's a framework not a deal
– They're our 11th largest trading partner
– They're only 3% of US trade (97% to go)
– They *already* charge average tariffs of only 1% (limited upside)It's a photo op, with little macroeconomic significance pic.twitter.com/ZATQDtckE4
— Justin Wolfers (@JustinWolfers) May 8, 2025
Fun Fact — This big beautiful deal that will be announced today at 10:00 am ET is with a country that we run a trade surplus with. Sweet victory for the White House! pic.twitter.com/BYITAhaLrl
— JaguarAnalytics (@JaguarAnalytics) May 8, 2025
Donald Trump revealed he has struck a huge trade deal with the United Kingdom, the first such agreement since he launched a global trade blitz last month.
The president promised many more deals would follow with other countries after his ‘Liberation Day’ tariffs sent the world economy into a tailspin.
It means Trump is handing a big political victory to a key ally, UK Prime Minister Keir Starmer, who has been negotiating behind the scenes with the White House for weeks.
The announcement had an immediate impact on the stock market which opened higher on Thursday morning after a month of turbulence and losses.
‘The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,’ Trump wrote on Truth Social early Thursday morning.
He added: ‘Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!’
Trump had teased Wednesday evening that he would be making a major announcement at 10am in the Oval Office.
Starmer is not traveling to Washington, D.C. for the announcement and will instead hold a press conference in the West Midlands of Britain.
https://www.dailymail.co.uk/news/article-14691309/Trump-reveals-big-trade-deal-UK.html