The United States and Britain will announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump sparked a global trade war with universal levies.
In posts on Truth Social, Trump said he would hold an Oval Office news conference at 10 a.m. EDT (1400 GMT) on Thursday about a "full and comprehensive" trade agreement with Britain, but gave no further details about the pact.
The deal is likely to be narrow, with Britain securing a reduction in Trump's new tariffs on cars and steel, the two sectors hardest hit. It could also set out how the two governments will approach other sectors, but fall short of being a full free trade agreement.
In order to secure the carve out Britain is expected to lower its own tariffs on U.S. cars, while the U.S. had wanted a cut to Britain's digital sales tax that affects America's tech giants.
"Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement," Trump said. "Many other deals, which are in serious stages of negotiation, to follow!"
