President Trump talks to journalists from the oval office on Wednesday.
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Jim Watson / AFP
President Trump said on social media on Thursday that his administration had reached an agreement with the United Kingdom on trade issues, his first type since his steep prices last month allowed the stock markets.
Several months of negotiations are normally needed to eliminate trade agreements. The details of Trump’s arrangement with the United Kingdom were not immediately available, although Trump said it would be “complete and complete”. He should officially announce the agreement at 10:00 a.m. to the Oval Office.
Trump administration has embarked on a burst of talks with business partners since April 2, when Trump has deployed a 10% rate on all imported products, as well as what he called “reciprocal rates” – high pricing walls aimed at punishing countries for their business and volumes, and attracting manufacturing to America.
The United Kingdom was not one of the countries faced with large hikes. He had basic 10% prices on his exports, as well as higher sectoral prices on car, steel and aluminum exports.
Trump withdrew from his specific prices in the country after the markets plunged last month, on break the hikes for 90 days, although he maintained the base line of 10% in place, as well as those of cars, steel and aluminum – and extremely steep prices on China, where the 145% tariffs have actually stopped expeditions. Economists have warned that prices could cause shortages of certain products and increase consumer prices for others.
Trump administration officials said its measures brought the countries to the table to talk about a range of commercial issues, including Japan, South Korea, the United Kingdom, Vietnam and India. On Saturday, the secretary of the Treasury Scott Bessent and the commercial representative Jamieson Greer should meet He Lifeng in China in Switzerland.
This is a story in development and will be updated.
