President Trump hints at a major trade deal with the UK, signaling possible tariff relief as global economic pressures mount.

Donald Trump hinted that there would be big trade news on Thursday. CNN was informed by a source familiar with the administration's preparations that the agreement would be with the United Kingdom. This suggests that historically high tariffs that have posed a severe danger to the US and global economies are about to stop.

Tomorrow at 10:00 a.m., the Oval Office will hold a major news conference with representatives of a sizable and reputable country on a major trade agreement. THE FIRST OF MANY TO COME! On the evening of May 7, Trump shared this on Truth Social.

Trump's government has made it obvious that it is in active conversations with the UK, Japan, India, and South Korea, even though he did not specifically mention the nations in his speech. In an interview with CNN on Tuesday, Peter Navarro, Trump's senior trade adviser, suggested that he thinks the UK will be the first nation to sign a trade deal with the US.

A minor development in the India story, which could delay things down there, has left Navarro uncertain as to whether the UK or India will be the first to do so. He can assure the American people; nevertheless, that they will get bargains and that they will be great deals.

The United States may be free from certain non-tariff trade obstacles, such as the UK's 2% digital services tax imposed on US technology businesses, if a trade agreement with the UK is struck this week, according to a story published by the Financial Times.