The US and UK are set to announce a comprehensive trade deal on May 8, 2025, marking a significant step in easing economic tensions. President Trump is expected to make the announcement at 3pm BST (10am EDT). This agreement follows recent tariff announcements and aims to reduce levies on UK exports to the US.
President Trump hinted at the deal, calling it a "very big and exciting day" for both nations. A Downing Street spokeswoman confirmed ongoing talks, with Prime Minister Keir Starmer expected to provide further details. The UK has been actively seeking tariff reductions since Trump's earlier tariffs imposed levies on UK goods.
While specifics remain unclear, key priorities include reducing tariffs on cars, a major UK export to the US. In return, the UK might adjust its stance on digital sales tax, impacting tech companies. This agreement signals a potential shift in Trump's approach to global trade, paving the way for future deals with other countries. The deal is expected to cement the relationship between the two countries for many years to come.
This marks the UK's second major trade achievement, following a recent agreement with India. Negotiating international trade deals has become increasingly vital for the UK post-Brexit. The global community is closely watching the agreement's impact on international trade relations.