U.S., UK to announce trade pact, Trump’s 1st deal since tariffs began
Global News
Trump said the deal would be a “full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come.”
The United States and Britain are expected 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 U.K. Prime Minister Keir Starmer.
Trump posted on his Truth Social platform that a deal due to be announced at 10 a.m. EDT (1400 GMT) will be a “full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come.”
It’s the first bilateral trade deal announced since Trump began slapping tariffs on U.S. trading partners. He 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 U.S. trade talks later Thursday.
“As you know, talks with the U.S. have been ongoing and you’ll hear more from me about that later today.” Starmer said at a defense conference in London.
The agreement is likely to fall short of a full free trade deal, but will provide tariff relief to certain sectors.
The president has imposed 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.
A major goal of British negotiators has been to reduce or lift the import tax on U.K. cars and steel. The U.S. is the largest destination for British cars, accounting for more than a quarter of U.K. auto exports in 2024, according to the Office for National Statistics.
Ukrainian President Volodymyr Zelenskyy blasted his European allies Thursday for what he portrayed as the continent’s slow, fragmented and inadequate response to Russia’s invasion nearly four years ago and its continued international aggression. Addressing the World Economic Forum in Davos, Switzerland, Zelenskyy listed a litany of grievances and criticisms of Europe that he said have left Ukraine at...
U.S.-based Estée Lauder is the flagship brand and parent company of Clinique, MAC Cosmetics, Bobbi Brown, Jo Malone London, Aveda and Tom Ford among dozens of others.
Their feud took off after the U.S. billionaire called O'Leary an 'utter idiot' for brushing off Starlink on Ryanair planes, as well as an offer to purchase the budget airline.
New research out of Canada is pitching ideas for how to make the Winter Olympics and Paralympics more resilient to climate change.
Tetsuya Yamagami, 45, earlier admitted to killing Abe in July 2022 as the former prime minister was giving a campaign speech in the western city of Nara.
A yearlong push by the Trump administration to stop the fighting hasn’t yielded any breakthrough, despite the American president issuing a series of deadlines.
Universally known by his first name, Valentino was adored by generations of royals, first ladies and movie stars, from Jackie Kennedy Onassis to Julia Roberts.
Prince Harry tried to explain what it’s like living under what he called '24-hour surveillance' before the judge intervened and told him not to argue with the defence lawyer.
U.S. President Donald Trump's speech comes a day after world leaders and allies of the U.S. repudiated his expansionist threats to annex Greenland.
Trump has repeatedly refused to rule out military action to take over Greenland, a move that polls suggest a large majority of Americans do not support.
Prime Minister Mark Carney gave a forceful speech in Davos, Switzerland, on the 'new world order' and how middle powers like Canada can benefit by working together.
Trump said he would impose a 10 per cent import tax starting in February on goods from eight European nations because of their opposition to American control of Greenland.
Approximately 10,000 Danes marched outside Copenhagen City Hall in defiance of the U.S. president's pursuit of Greenland.