Us and Uk Expected to Announce Major Trade Deal

On Thursday, the US and Britain are expected to announce a trade deal. The announcement follows reports from the New York Times citing sources familiar with the plans. President Trump stated he would hold a news conference on Thursday about a "major trade deal" with a "big, and highly respected, country." Sterling jumped against the dollar following the news of the expected deal. This would be Britain's second trade deal in a week, after clinching a free-trade pact with India. A UK official mentioned that the deal would likely include lower tariff quotas on steel and autos. Britain is also in discussions with US officials regarding the 100% tariff on movies produced outside the US. The US and Chinese officials are preparing to hold talks in Switzerland on Saturday. These talks could potentially resolve the trade war between the world's top two economies.