Trump promises 'major trade deal': Reports identify partner nation
Photo: Donald Trump, President of the United States (Getty Images)
President of the United States Donald Trump announced his intention to declare the conclusion of a significant trade deal between the US and an unspecified country, which the American leader referred to as "big." The country in question is likely the United Kingdom, The New York Times and Reuters report.
The US President noted that he would hold a press conference on Thursday in the Oval Office "concerning a major trade deal with representatives of a big, and highly respected country."
In his post about these intentions on Truth Social, Trump did not specify which country he was referring to. Nor did he disclose any other details.
Meanwhile, the American leader said this deal would be "the first of many."
Meanwhile, three people familiar with the matter told the American outlet NYT that it is expected that the US President will announce a trade deal between the United States and the UK. A White House spokesman declined to comment on the Times report.
Western media also note that the British pound sterling rose against the dollar following this news.
The potential deal would be the UK's second within a week after the country concluded a free trade pact with India.
A British official stated on Tuesday that London and Washington had made good progress on a trade deal that would likely include reducing tariff quotas on steel and automobiles.
The UK's Minister for Creative Industries, Chris Bryant, also told Parliament on Wednesday that the country is in "active discussions" with top US officials regarding Trump's announced 100% tariff on all films produced outside the United States.
Western media report that the news about a possible trade deal between the US and UK emerged as officials from the US and China prepare for negotiations in Switzerland on Saturday, which could become a first step in resolving the trade war between the world's two largest economies.
In recent days, US President Donald Trump stated that the White House may reduce tariffs imposed on Chinese goods, as trade between the US and China has essentially come to a halt due to them.
To find out more about Trump's economic policy and the US tariff war, read our material on the topic.
