US chief teases commerce take care of ‘extremely revered nation’

US President Donald Trump has teased what he known as a “main commerce deal”, which might mark the primary such settlement to be introduced since he imposed tariffs on dozens of America’s buying and selling companions.

He’ll maintain a information convention at 10:00 in Washington DC (15:00 BST) to announce an settlement with “representatives of a giant, and extremely revered, nation”, Trump mentioned on the Reality Social platform, giving no extra particulars.

A number of US media shops have reported that the US will strike a commerce settlement with the UK, citing individuals conversant in the plans.

The BBC has contacted the White Home and the UK’s Division for Enterprise & Commerce for touch upon the stories.

On 2 April, Trump introduced steep tariffs on dozens of buying and selling companions, earlier than saying a 90-day pause on the levies.

Governments from around the globe have been scrambling to strike offers with Washington earlier than the brand new deadline passes.

He left a ten% world tariff in place, which included the UK, although the long-time ally of America was not topic to the administration’s increased “reciprocal” tariffs.

The UK can also be topic to a 25% US import tax on metal, aluminium and automobiles.

Washington is near agreeing commerce offers with India and Israel, in line with stories.

The administration can also be persevering with talks with a number of different international locations together with Japan, South Korea and Vietnam.

Trump has mentioned he needs nations to strike new offers with the US as he tries to radically reshape the worldwide buying and selling system.