The US and UK are set to announce a tariff reduction deal

US President Donald Trump alluded to a potential trade agreement in a social media post on Wednesday night.“Big news conference tomorrow morning at 10:00am, the Oval Office, concerning a MAJORTRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump posted on Truth Social.The UK Government has been urgently pursuing a trade deal with the US regarding tariff reductions, following Trump’s imposition of retaliatory tariffs on the UK.Last month, President Trump imposed reciprocal tariffs on several countries, including the UK.

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