Trump to announce major trade agreement with big, and highly respected Britain: report

President Trump is expected to announce Thursday morning that the US has reached a trade deal with Britain, according to a report. The agreement would be the first one the Trump administration has struck with a foreign nation since the president announced plans to impose sweeping tariffs on US trading partners last month. News of the forthcoming deal was first reported by the New York Times late Wednesday night, citing three people familiar with the plans. Details of the agreement were not immediately available. The White House did not respond to The Post’s request for comment. Trump on Wednesday teased that he would hold a major new conference at the Oval Office on Thursday morning concerning a “major trade deal,” but did not specify which country was involved — only saying it was “big and highly respected.”  “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY,” the president wrote on Truth Social. “THE FIRST OF MANY!!!” he added. Trump’s so-called “Liberation Day” tariffs – unveiled on April 2 – called for the application of a baseline 10% levy against most countries on April 5, followed by steeper reciprocal tariffs that were planned to take effect on April 9. The president issued a 90-day pause on the higher rates days after his announcement, claiming that dozens of nations had pleaded for a reprieve in order to revamp trade agreements with the US. Britain is subject to the 10% baseline tariff, but was not hit with a higher reciprocal rate.The US ally is also subject to a 25% import fee that Trump slapped on foreign steel, aluminum and automobiles. Treasury Secretary Scott Bessent revealed last month that the Trump administration had “lined up” talks with 70 foreign governments seeking to avoid the tariffs. In addition to Britain – Japan, Australia, India, South Korea, Israel and Vietnam were expected to be...