Donald Trump is set to announce that America will agree a trade deal with the UK,

 

President Donald Trump is poised to announce a significant new trade agreement between the United States and the United Kingdom today, May 8, 2025. This marks the first major bilateral trade deal under his current administration, following the recent implementation of broad tariffs on U.S. trading partners. 

The agreement is expected to address and potentially ease some of the tariffs imposed in April, which included a 10% levy on all British goods and a 25% tax on car imports. These measures had raised economic concerns in the UK, leading companies like Jaguar Land Rover to pause shipments to the U.S. 

While specific details of the deal remain undisclosed, it is anticipated to be a limited agreement focusing on sectors such as automotive, agriculture, and digital services. The announcement is scheduled for 10 a.m. Eastern Time (2 p.m. GMT) at the White House.

This development follows a series of diplomatic engagements between President Trump and UK Prime Minister Keir Starmer, aimed at strengthening economic ties and mitigating trade tensions. Notably, Prime Minister Starmer extended an unprecedented invitation for a second state visit to President Trump, underscoring the importance of the UK-U.S. relationship.

The forthcoming trade agreement is seen as a strategic move to stabilize UK-U.S. trade relations amid global economic uncertainties. It also reflects both nations' efforts to reinforce their partnership in the face of evolving international trade dynamics.

Due to this, the price of gold dropped significantly today

If the trade war subsides like this, the price of gold will fall further. Focus on gold sell setups.