Trump says

The United States is working on completing a close trade agreement with the United Kingdom.

According to a document delivered by Great Britain, the tasks for British car imports will be reduced from 27.5% to 10%, while the tariffs are reduced for British steel imports.

In return, Great Britain lowers the trade obstacles for US beef imports and ethanol.

The British Prime Minister Keir Starrer and Trump approved the deal on Wednesday evening on Wednesday evening, according to a source that was familiar with the discussions and completed the weeks of negotiations, which included representatives in Great Britain in Washington, DC, and the final agreement.

Trump has long been looking for a full trade agreement with the United Kingdom, which goes back to his first term, even though he retired after this country applied for an approximation to the European Union in 2018.

The announcement is the first pact that Trump has signed with another country since his speech on the “Liberation Day” last month in which unprecedented tariffs have been announced. While he has announced a 90-day break for land-to-land obligations since then, the markets remain suspicious and companies with his unpredictable approach to trade policy.

Trump and many members of his administration have been flooded for weeks that the federal states wanted to sign new trade agreements to avoid oversized tariffs. But Trump also mitigated many of the tariffs that he originally announced, when he recently postponed his tone as to whether the many dozens of shops that are necessary would come into play.

The President said that he intended to sign individual trade transactions as a means of blowing out his tariffs – and has offered contradictory accounts about how such business will affect. In an interview with Time Magazine last month, Trump said that he had “completed 200 deals”, an impossible number because there are not so many countries. On Tuesday, during his meeting with the newly elected Canadian Prime Minister Mark Carney, Trump stated that business was not even necessary.

“Everyone says:” When, when, when will you sign shops? “We don't have to sign offers!” Said Trump.

He continued: “You want a piece of our market. We don't want a piece of your market. We don't take care of your market. You want a piece of our market.”

In the meantime, the finance minister Scott Bessent said that no formal negotiations with China had started at all with which the country with which the markets were most completed, in view of the fact, how much the USA rely on Chinese imports.

High level meetings are made for this weekend, although they will not necessarily include trade negotiations.

In the comments on Wednesday, Jerome Powell, chairwoman of the Federal Reserve, said the tariffs had created a “very, very uncertain” economic environment.

“The tariff announced so far is significantly larger than expected,” said Powell. “However, all of these guidelines are still developing, and their effects on the economy are still very insecure.”

After several reports named in Great Britain, Trump himself confirmed this morning that the pact was near the UK.

Investors remain sensitive to any sign that the president will give in to his tariff plan or at least provide a concrete image of its implementation. The stocks climbed on Thursday in the Premarket trade after the British deal was announced by Trump on social media late Wednesday. After several branches, there was later on Thursday morning that the deal would be limited in relation to the scope “in relation to the scope” and “general” in relation to “General”.