On Thursday, President Donald Trumpsaid on social media that his administration had come to an agreement with the United Kingdom (U.K.) on trade issues, his first such deal since his steep tariffs last month roiled stock markets.
It normally takes many months of negotiations to hammer out trade agreements. Details of Trump's arrangement with the U.K. were not immediately shared, though Trump said it would be "full and comprehensive." He is expected to formally announce the deal at 10 a.m. ET in the Oval Office.
Trump's administration has engaged in a flurry of talks with trading partners since April 2, when Trump rolled out a 10 percent tariff on all imported goods, as well as what he called "reciprocal tariffs" — steep tariff walls aimed at punishing countries for their trading practices and volumes, and at drawing manufacturing to America.
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