U.S. and U.K. Forge Preliminary Trade Deal Amid Market Volatility
President Donald TRUMP is poised to announce a framework trade agreement with the U.K., marking the first new pact since his administration’s sweeping tariff reforms. The British pound strengthened 0.4% against the dollar following early reports of the deal, suggesting markets view this as a stabilizing development after months of trade tensions.
The WHITE House’s pivot toward bilateral negotiations comes just weeks after implementing aggressive tariffs across multiple economies. While technical details remain undisclosed, the arrangement could establish a template for future agreements. "This is a major trade deal," Trump declared on social media, scheduling a 3pm announcement that traders will scrutinize for currency and commodity implications.
