Watch Live: Trump reveals “Major Trade Deal” with Great Britain

Washington – President Trump on Thursday reveals what he described as a “big trade agreement” with Great Britain, which could reduce the burden of His fiefs tariffs And potentially enable a political victory for Prime Minister Keir Starrer.

Mr. Trump said on Wednesday that he would announce a “large trade agreement” with a “large, highly respected country”, which he did not identify at the time. On Thursday morning, the President shot about the social of truth that it should be “a very big and exciting day for the United States of America and the United Kingdom.

“The agreement with the United Kingdom is a complete and comprehensive one that will consolidate the relationship between the United States and the United Kingdom for many years,” he added. “Because of our long -term history and loyalty, it is a great honor to have the United Kingdom as our first announcement. Many other businesses that are in serious phases of negotiation to follow!”

The Starrer office said that the Prime Minister would later give an “update” about US trade talks a day.

“As you know, the talks with the USA have not yet been completed and you will hear more from me later today,” said Starrer at a defense conference in London.

Mr. Trump created a 10% tax on imports from Great Britain and 25% tariffs CarsSteel and aluminum about the premise that this would promote more factory jobs in Germany.

One main goal of the British negotiators was to reduce or raise the US import tax for British cars and steel. The United States is the biggest goal for British cars, which, according to the Office for National Statistics, is more than a quarter of British autoXports in 2024.

Great Britain has also applied for tariffs for pharmaceuticals, while the United States wants to have greater access to the British market for agricultural products. The government of Starrer has declared that they will not lower the food standards in the UK to allow chlorine-torn American chicken or hormone-treated beef.

If a deal is announced, the British government will see this as a justification for Starrer Amollient offer to Mr. Trump, who avoided direct confrontation or criticism. In contrast to the European Union, Great Britain did not terminate any retaliation duties for US goods in response Mr. Trump's import taxes.

A trade agreement with the United Kingdom would be symbolic and a relief for British exporters. However, an agreement would not help to address Mr. Trump's core care about persistent trade deficits that prompted him to raise import taxes to countries around the world.

According to Census Bureau, the United States triggered a trade surplus of 11.9 billion US dollars near Great Britain with Great Britain last year. The 68 billion US dollars that the United States imported from Great Britain last year accounted for only 2% of all goods imported into the country.

The United States is much more important for the British economy. According to state statistics, it was the largest trading partner of the UK last year, although the majority of British exports to the United States are more services than goods.

Mr. Trump has shown the desire to vote for a trade agreement with Great Britain since it voted for the abandoned of the European Union in 2016. On Tuesday, however, Mr. Trump showed no awareness of the possible conditions of the deal if he was asked about his possibility.

“Do you offer us concessions?” Mr. Trump noticed reporters. “I hope it. … you want to make a deal very badly.”

Mr. Trump previously said that his leverage would be US consumers in the conversations, but he seemed to indicate that Great Britain would also buy more goods produced by America.

“I think the United Kingdom, like in any other country, … want to go shopping in the United States,” he said.

The Finance Minister Scott Bessent announced the legislators at the Capitol Hill this week that the administration is progressing with the “All Curtreat Speed” in order to achieve agreements with 17 trading partners. He said that he was “in principle” calculated, and after they are reached, the administration would be overlooked in the coming months.

A trade agreement with the United States is one of several that the government of Starrer wants to achieve. On Tuesday, Great Britain and India announced a trade after three years of negotiations. The United Kingdom also tries to lift some of the trade barriers with the European Union, which left the block in Great Britain in 2020.