US, UK all set to finalise ‘major’ trade deal: Report

Trump will reportedly announce a historic trade deal with Britain on Thursday, May 8, 2025
Trump will reportedly announce a historic trade deal with Britain on Thursday, May 8, 2025

United States President Donald Trump will most likely announce a “major trade deal” with the UK this week.

The New York Times reported that Trump is expected to unveil a trade deal between the US and Britain on Thursday, May 8, 2025.

Trump has also hinted about the announcement in a post on his social media platform Truth Social in which he wrote that he would hold a news conference in the Oval Office on Thursday about a trade deal with a “highly respected country.”

He wrote, “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!”

However, the Republican president did not reveal any further details about the deal.

UK and US officials ‘active discussions’ ahead of trade deal

It is worth noting that following the reports about the deal British pound rose by 0.4% against the US dollar, reported Reuters.

Although the United Kingdom has not confirmed the reports about finalising a deal with the US, officials on Tuesday said that the two countries have made good progress on the deal.

Creative industries minister Chris Bryant also told Parliament that the US is also in “active discussion” with top American officials over the 100% tariffs on all foreign movie plans.

Notably, as per the UK’s Department for Business and Trade, the US and UK did 314.6 billion pounds ($419 bn) worth of trade in goods and services in 2024, 3.9% higher than 2023.

Related
Read more : World

Kentucky shootings leave several injured, suspect confirmed dead

Kentucky shootings leave several injured, suspect confirmed dead
A man with firearm shot a trooper before fleeing the scene to the Richmond Road Baptist Church

Southend Airport crash: Small aircraft bursts into flames shortly after takeoff

Southend Airport crash: Small aircraft bursts into flames shortly after takeoff
The aircraft, a 40-foot-long Beech B200, was on its way to the Netherlands but only climbed to 175 feet before it went down

Muhammadu Buhari, former Nigerian president, dies at 82 in London

Muhammadu Buhari, former Nigerian president, dies at 82 in London
After Buhari's death, the current president, Tinubu sent the vice president to London to bring back his body

UK braces for heavy rain after record-breaking heat

UK braces for heavy rain after record-breaking heat
An amber heat health alert is still active for areas like the Midlands, southern and eastern England

5 must-read books for students to gain clarity and confidence

5 must-read books for students to gain clarity and confidence
Here are 5 best books that can be very helpful in teaching you how to manage your life and make the right choices

Hungary's oldest library battles beetle menace, centuries-old books at risk

Hungary's oldest library battles beetle menace, centuries-old books at risk
1,000-year-old Pannonhalma Archabbey fights to preserve centuries-old books from beetle menace

Kim Jong-un pledges ‘unconditional’ support for Russia in Ukraine war

Kim Jong-un pledges ‘unconditional’ support for Russia in Ukraine war
Russian Foreign Minister Sergei Lavrov meets Kim Jong Un in North Korea, strengthens ties

Rosie O'Donnell fires back at Donald Trump after citizenship threat

Rosie O'Donnell fires back at Donald Trump after citizenship threat
Donald Trump reignites decades-long feud with Rosie O'Donnell, calls her ‘threat to humanity