US-UK Trade Pact Is Expected After Trump Flags a ‘Major Deal’

The US is expected to announce a trade agreement with the UK shortly, according to people familiar with the matter, a move which could make Britain one of the first to make a deal with President Donald Trump. After Trump teased the announcement in an all-cap post on social media, stock-index futures and Asian shares rose while the pound extended gains.

Yet, any deal is likely to come with major caveats, and investors will be watching closely to see the extent to which Trump will backtrack from the sweeping tariffs imposed on April 2. Full-scale trade pacts typically take years to negotiate, and analysts expect any upcoming announcements to focus on top-line commitments and intentions and leave details to be negotiated later.