The US and Britain were set to announce a trade deal on Thursday that will lower the burden of President Donald Trump’s sweeping tariffs and deliver a political victory for UK Prime Minister Keir Starmer. Trump posted on Truth Social that a deal due to be announced at 10 am (local time) will be a “full and comprehensive one that will cement the relationship between the US and the UK for years to come”.

It’s the first bilateral trade deal announced since Trump began slapping tariffs on US trading partners. Trump said, “Many other deals, which are in serious stages of negotiation, to follow!” Starmer’s office said the prime minister would give an “update” about US talks later. The US President placed a 10 per cent tax on imports from Britain, as well as 25 per cent tariffs on autos, steel and aluminum on the premise that doing so would foster more factory jobs domestically.