US President Donald Trump speaks during a press conference with British Prime Minister Keir Starmer in the East Room of the White House in Washington, DC, on February 27, 2025.
Saul Loeb | Afp | Getty Images
President Donald Trump is set to unveil a trade agreement with the United Kingdom on Thursday.
The deal would be the first by the United States with a country whose imports were subject to new tariffs imposed by Trump.
Trump is set to make the announcement from the Oval Office at 10 a.m. ET. UK Prime Minister Keir Starmer is not in Washington, D.C., but is expected to participate in the event remotely, CNBC’s Eamon Javers reported.
Trump said on Truth Social earlier Thursday, “The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come.”
“Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement,” he wrote. “Many other deals, which are in serious stages of negotiation, to follow!”
But 10 Downing Street suggested that trade negotiations were ongoing.
“Talks on a deal between our countries have been continuing at pace and the Prime Minister will update later today,” a spokesperson said in a statement overnight, after The New York Times first reported on the U.S.-UK announcement.
The statement from 10 Downing added that Starmer “will always act in Britain’s national interest,” and called The U.S. “an indispensable ally for both our economic and national security.”
Trump imposed a 10% blanket tariff on the UK in early April, as part of his “liberation day” rollout of what he claimed were “reciprocal” import duties on nearly every country on earth. The UK is also affected by additional U.S. tariffs on imports of steel, aluminum and foreign-made cars.
Trump quickly backed off the reciprocal plan amid a market rout and mounting criticism. Instead, he announced a 90-day “pause” that set an across-the-board 10% tariff rate for all affected nations except China.
Trump claimed at the time that he decided on that pause after dozens of countries reached out to negotiate new trade relationships with the U.S.
This is developing news. Please check back for updates.