WASHINGTON — The United States and Britain are expected to announce a trade deal on Thursday that will lower the burden of President Donald Trump’s sweeping tariffs, delivering a political victory for U.K. Prime Minister Keir Starmer that Trump can also use to validate his turbulent approach to the international economy.
Trump posted on his Truth Social platform that the agreement will be ‘‘full and comprehensive." No details were immediately available, and it’s more likely that the deal will be limited to providing tariff relief to certain sectors like car manufacturing.
The U.S. president is scheduled to speak from the Oval Office at 10 a.m. EDT (1400 GMT), and Starmer will make his own announcement around the same time.
It’s the first bilateral trade deal since Trump began his stutterstep efforts to rewire the global economy by dramatically increasing import taxes in an attempt to increase domestic manufacturing. The Republican president first announced sweeping tariffs on April 2, then retreated a week later and announced that his administration would seek individual agreements with various countries over the next few months.
No new deals have been reached with America’s largest trading partners, including Canada, Mexico and China. Trump has left the highest tariffs in place on China, sparking a confrontation between the world’s two largest economies. Washington and Beijing are sending officials to Switzerland this weekend for an initial round of trade talks.
Trump promised on Thursday that there are “many other deals, which are in serious stages of negotiation, to follow!’’
Starmer, speaking at a defense conference in London, said ‘‘talks with the U.S. have been ongoing, and you’ll hear more from me about that later today.’’
The U.S. and the U.K. have been aiming to strike a bilateral trade agreement since the British people voted in 2016 to leave the European Union, allowing the country to negotiate independently of the rest of the continent. Then-Prime Minister Boris Johnson touted a future deal with the U.S. as an incentive for Brexit.