Trump says U.S. has struck ‘comprehensive’ deal with UK ahead of news conference

[Zincwarrior]

We shall have to see what a 'comprehensive deal' means. Given that the UK already had a trade deficit with the US we need to see if this has negatively impacted that balance. I imagine it will be reset to what it was back on January 19.

https://www.cnbc.com/2025/05/08/uk-set-to-sign-a-trade-deal-with-us.html

• The White House is due to hold a news conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.
• U.S. President Donald Trump said Thursday: “The agreement with the United Kingdom is a full and comprehensive one.”
• Britain, which runs a trade deficit with the U.S., was spared the higher “reciprocal” tariffs when Trump announced his “Liberation Day” duties, although it was still hit with the baseline 10% levy.

 

[shockedcanadian]

Winning. Give it time and America will have many.

 

[citygator]

In what is a telling sign of the dragging trade deal negotiations Trump is announcing a trade "deal" (understanding) that will take months to hammer out with our closest ally who has a weak economy. Yep.. the layup "deal" has taken months to get an understanding and will take months more of negotiating. We are screwed.

By the way, we had a free trade deal with them prior. So, we are winning nothing

What will be announced today is likely to be only the bare bones of a narrow agreement.

There will be months of negotiations and legal paperwork to follow.

It could also be relatively short-term, covering just a few items.

Currently, most goods imported from the UK to the US face a blanket 10% tariff and that's expected to remain.

But this deal is likely to reduce tariffs on specific items set to be subject to higher tariffs.

We will see....

https://www.nytimes.com/2025/05/07/business/economy/trump-trade-britain.html

President Trump is expected to announce on Thursday that the United States will strike a “comprehensive” trade agreement with Britain.

Mr. Trump teased a new trade agreement in a social media post on Wednesday night, though he did not specify which nation was part of the deal. On Thursday, a senior British official confirmed that a deal with the United States had been reached.

And on Thursday morning, Mr. Trump was back on social media to confirm that it was, in f

 

[HikerGuy83]

By the way, we had a free trade deal with them prior. So, we are winning nothing

What will be announced today is likely to be only the bare bones of a narrow agreement.

There will be months of negotiations and legal paperwork to follow.

It could also be relatively short-term, covering just a few items.

Currently, most goods imported from the UK to the US face a blanket 10% tariff and that's expected to remain.

But this deal is likely to reduce tariffs on specific items set to be subject to higher tariffs.

We will see....

The expert has spoken.

Oh, not this guy ^^^^

He's got nothing.

I am talking about an expert who actually understands what is going on.

 

[citygator]

The expert has spoken.

Oh, not this guy ^^^^

He's got nothing.

I am talking about an expert who actually understands what is going on.

A framework was announced. Just like I said. Months to go... with our closest ally. LOL.

 

[citygator]

The expert has spoken.

Oh, not this guy ^^^^

He's got nothing.

I am talking about an expert who actually understands what is going on.

See..

 

[Orangecat]

America haters gotta whine and ***** about every bit of good news for the country. What petty little assholes they are.

 

[Zincwarrior]

And the US auto industry trashes it.
“Under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA compliant vehicle from Mexico or Canada that is half American parts. This hurts American automakers, suppliers, and auto workers,” Blunt said Friday.

https://thehill.com/business/5292037-auto-industry-critics-trump-uk-deal/

 

[Orangecat]

And the US auto industry trashes it.
“Under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA compliant vehicle from Mexico or Canada that is half American parts. This hurts American automakers, suppliers, and auto workers,” Blunt said Friday.

https://thehill.com/business/5292037-auto-industry-critics-trump-uk-deal/

 

[Hollie]