Trump Set to Announce First Major Trade Deal Following Tariff Shakeup
President Trump is preparing to unveil what could be the first international trade agreement since imposing sweeping new tariffs, signaling a major shift in U.S. economic diplomacy.
The United Kingdom is poised to become the first nation to secure a trade agreement with the United States following the implementation of President Donald Trump’s sweeping “Liberation Day” tariffs.
This development comes amid a backdrop of global trade tensions and economic uncertainty.
In April 2025, President Trump introduced a universal 10% tariff on imports, with higher rates for certain countries, aiming to address trade imbalances. The UK, while subjected to the baseline tariff, avoided steeper penalties due to its trade dynamics with the US.
Negotiations between the two nations have accelerated, with discussions focusing on reducing tariffs for British exports such as steel and automobiles.
In return, the UK is considering adjustments to its digital services tax, which affects major US tech firms.
While the full details of the agreement remain under wraps, the anticipated deal is expected to provide relief to key UK industries and set a precedent for future trade relations. However, challenges persist, including concerns over food safety standards and the broader implications for UK-EU trade dynamics.
President Trump is scheduled to announce the framework of this trade agreement, marking a significant step in US-UK economic relations amidst a complex global trade environment.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
