Trump Unveils UK Trade Deal, Signals Boost in Trade and Tariff Revenue

‘In the coming weeks, we’ll have it all very conclusive,’ Trump told reporters.

President Donald Trump makes a trade announcement as Secretary of Commerce Howard Lutnick (L), Vice President JD Vance (2nd L), and British ambassador to the United States Peter Mandelson (R), look on in the Oval Office of the White House on May 8, 2025. Jim Watson/AFP via Getty Images

President Donald Trump, on May 8, provided a broad overview of a prospective trade agreement with the United Kingdom.

The administration’s preliminary deal is the first by the United States since Trump announced his comprehensive April 2 tariff plans.