President Trump is scheduled to announce the first negotiated trade deal in the global trade reset with the United States.  The deal is between the U.K and the USA, which is interesting as a UK free trade agreement was being worked on at the time COVID-19 hit in 2020.

Back in 2019 President Trump and then Commerce Secretary Wilbur Ross were working two strategic trade negotiations at the same time that never materialized. The first was an FTA with the U.K and the second was with the EU.  The nuance of the U.K deal was favorable and structurally aligned to create leverage against the EU negotiations. It will be interesting to see how this one is structured.

From President Trump this morning on Truth Social: “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!”

The outline of the trade agreement is scheduled to be announced at 10:00am ET.  Livestream Links Below

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