US President Donald Trump announced Wednesday that a trade deal with a “highly respected” partner was near. Just hours later, the UK government confirmed plans to unveil a new agreement with the United States. Talks between both nations had significantly accelerated in recent days.
Trump posted on his platform Truth Social that the deal would involve a “major” country and would arrive “very soon.” On Thursday morning, the British government confirmed that a formal statement would follow later that day.
Sunak Emphasizes Trade Deal as a National Priority
A government spokesperson from Downing Street stated that Prime Minister Rishi Sunak is “acting in the interests of workers, families, and businesses.” The United States remains a vital partner in both economic cooperation and national security.
Sunak planned to give an official update on the deal by the end of the day. If successful, this agreement would be the first of its kind between the U.S. and a partner nation since the so-called “Liberation Day”—a symbolic turning point in American trade policy.
Steel and Automotive Sectors Expected to Benefit
Experts expect the agreement to target specific industries—mainly steel and automotive manufacturing. Due to the speed of negotiations, a comprehensive free trade agreement seems unlikely. However, even a narrow deal would signal a clear commitment to deeper economic ties.
“This deal could open the door for broader negotiations,” said Emma Taylor from the London Institute for Global Economics. “Especially in the post-Brexit phase, the UK is actively looking for reliable trade partners.”
Strategic Gains for Both Countries
The United Kingdom hopes the deal will boost its export-focused industries. The U.S., in turn, gains a stronger foothold in European markets—without having to comply with EU regulations. President Trump also aims to strengthen his trade record through targeted, bilateral agreements.
Struggling regions in both nations may benefit. In the UK, the steel industry has faced rising costs and global competition. Easier access to the U.S. market could offer much-needed relief.
Criticism Over Transparency and Standards
Not all feedback has been positive. Labor unions and consumer protection groups warn that environmental and labor standards could be compromised. Details regarding product labeling and potential tariffs are still unclear.
“A trade deal must not come at the expense of fair working conditions or consumer safety,” said James McGregor of the UK’s Unite union. He called for Parliament to be fully involved in the ratification process.
Post-Brexit Trade Strategy in Focus
Since leaving the EU, the UK has focused on signing bilateral trade deals. Ongoing negotiations are also taking place with India, Canada, and several Southeast Asian countries.
For Trump, this deal marks another milestone in his shift away from multilateral agreements. He favors direct and targeted negotiations as part of his broader economic policy, especially ahead of the upcoming elections.
While the initial deal may only cover a few industries, experts see it as a strong signal. Both governments appear committed to expanding their economic relationship. More details are expected in the coming weeks.