“A Great Deal for Both Countries”: President Trump Announces Big, Beautiful, Breakthrough Trade Deal with UK

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President Donald Trump touted a “tremendous trade deal” between the U.S. and United Kingdom as he discussed the first trade agreement since he imposed sweeping tariffs in April.

“I’m thrilled to announce that we have reached a breakthrough trade deal with the United Kingdom,” Trump said May 8 from the Oval Office, noting that the agreement happened to fall on “Victory Day” in celebration of the end of World War II. “There could be no more perfect morning to reach this historic agreement,” Trump said.

Trump said the agreement would provide billions of dollars in access for U.S. agricultural products such as beef and ethanol. “They’re opening up their country,” Trump said. “Their country is a little closed and we appreciate it.”

“I’m thrilled to announce that we have reached a breakthrough trade deal with the United Kingdom. Incredible country,” Trump said.

“Economic security is national security.” President Trump said.

“A great deal for both countries”

“Furthermore, in a historic step, the deal includes plans that will bring the United Kingdom into the economic security alignment with the United States,” Trump said.

“That’s the first of its kind. So we have a big economic security blanket, and that’s very important. And we feel, very, very comfortable with that because it’s been a great ally, truly one of our great allies.”

United Kingdom Prime Minister Keri Starmer was put on a speaker phone for the announcement and called it a “really fantastic, historic day” that coincided with the end of World War II in Europe.

PM Starmer: “This is really fantastic historic day which we could announce this deal between our two, great countries.”

“This is a really fantastic, historic day in which we can announce, this deal between our two great countries. And I think it’s a real tribute, to, the history that we have of working so closely together,” UK PM Starmer said, speaking by phone.

“Really important deal,” Starmer said. “This is going to boost trade across our countries. It’s going to not only protect jobs, but create jobs, opening market access. And as you say, Donald, the timing couldn’t be more apt.”

Dow futures rise 200 points after Trump announces U.S.-UK trade deal

Trump says U.S. has struck ‘comprehensive’ deal with UK

By: CBNC, May 7 2025:

The White House is due to hold a news conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.

U.S. President Donald Trump said Thursday: “The agreement with the United Kingdom is a full and comprehensive one.”

Britain, which runs a trade deficit with the U.S., was spared the higher “reciprocal” tariffs when Trump announced his “Liberation Day” duties, although it was still hit with the baseline 10% levy.

Trump to announce U.K. trade deal: Here’s what to expect

Britain is set to sign a trade deal with the U.S., making it the first country to do so after the world’s largest economy announced stiff “reciprocal” tariffs against friends and foes alike in April.

The White House is due to hold a news conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.

In a post on Truth Social, U.S. President Donald Trump said Thursday: “The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come.”

“Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!”

A spokesperson for the office of U.K. Prime Minister Keir Starmer told CNBC: “The United States is an indispensable ally for both our economic and national security. Talks on a deal between our countries have been continuing at pace and the Prime Minister will update later today.”

The U.K.’s central bank cut interest rates by a quarter-percentage-point on Thursday. The Bank of England said in a statement that global growth prospects had weakened as a result of tariff uncertainty and announcements, but added that negative impacts on U.K. growth and inflation were “likely to be smaller.”

The decision came after the U.S. Federal Reserve on Wednesday held rates, noting that risks to both higher unemployment and higher inflation have risen.



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