Trump confirms ‘full and comprehensive’ trade deal between UK and US
Donald Trump has announced a trade deal between the UK and the US, saying the agreement is a “full and comprehensive one”.
He wrote on his social media website 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!
Key events
Rory Carroll
An Irish woman who was detained by US immigration authorities because of a criminal record dating back almost 20 years has been released after 17 days in custody.
Cliona Ward, 54, who has lived legally in the US for decades, emerged on Wednesday from an Immigration and Customs Enforcement (Ice) facility in Tacoma, Washington state.
After visiting her sick father in Ireland she had been detained at San Francisco airport on 21 April, causing an outcry in Ireland and the US and a campaign for her release.
Last week a California judge agreed to an application for the original convictions to be formally overturned in a manner that would be recognised at a federal level, paving the way for her release, according to Ward’s lawyers.
The incarceration left Ward traumatised but she was thankful for the support and she is now recuperating, her sister, Orla Holladay, wrote on a gofundme.com page. “Cliona is finally in her own bed and we are all ready for some quiet and reflection.”
Ward had requested food before returning home, Holladay wrote. “The first thing she did was jump on the bed and hug the pillows. She is in shock; filled with emotions, traumatized, full of gratitude, fear for the women she left behind.”
Nina Lakhani
The winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.
New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands.
Farm bankruptcies surged by 24% from 2018 to 2019 – the highest number in almost a decade – as retaliatory tariffs cost US farmers a staggering $27bn.
Numbers of farms fell at the highest rate in two decades with the smallest operations (one to nine acres) hardest hit, declining by 14% between 2017 and 2022. Meanwhile, the number of farms earning $2.5m to $5m more than doubled.
Losses from the first-term trade war were mostly concentrated in the midwest due to the region’s focus on export commodities such as corn, soy and livestock that are heavily reliant on China. States with more diverse agricultural sectors such as California and Florida experienced lower rates of insolvency and export declines than in previous years, suggesting the trade war played a role, according to Trump’s Last Tariff Tantrum: A Warning.
President Donald Trump is tapping Dr Casey Means, a physician turned wellness influencer with close ties to health and human services Secretary Robert F Kennedy Jr, as his nominee for surgeon general after withdrawing his initial pick for the influential health post.
Trump said in a social media post Wednesday that Means has “impeccable ‘MAHA’ credentials” – referring to the “Make America Healthy Again” slogan – and that she will work to eradicate chronic disease and improve the health and wellbeing of Americans, AP reported.
“Her academic achievements, together with her life’s work, are absolutely outstanding,” Trump said. “Dr Casey Means has the potential to be one of the finest Surgeon Generals in United States History.”
In doing so, Trump withdrew former Fox News medical contributor Janette Nesheiwat from consideration for the job, marking at least the second health-related pick from Trump to be pulled from Senate consideration.
Nesheiwat had been scheduled to appear before the Senate Health, Education, Labor and Pensions Committee on Thursday for her confirmation hearing.
Downing Street did not comment on Donald Trump’s claim that the UK had agreed a “full and comprehensive” trade deal with the US.
Asked whether this was the case, the prime minister’s official spokesperson said: “You’ve got his words and we’ve always been clear that we want to do a deal that’s in the British national interest, and support a substantial UK-US trading relationship.
“Those talks are continuing and we look forward to providing an update later today, when you will have the PM’s words to describe it.”
President Donald Trump has said he would raise the case of jailed Hong Kong activist and former media tycoon Jimmy Lai as “part of the negotiation” with China over trade and tariffs, a move that could further stoke tensions with Beijing.
“I think talking about Jimmy Lai is a very good idea,” Trump told radio host Hugh Hewitt on Wednesday. “We’ll put it down, and we’ll put it down as part of the negotiation.”
Top senior US officials are due to meet with China’s top economic official on Saturday in Switzerland, a fledgling step amid a trade war stemming from Trump’s often chaotic tariff policies that have hurt the global economy and roiled markets, Reuters reported.
Trump, however, said he wasn’t willing to cut Chinese tariffs to get Beijing to the negotiating table. Adding Jimmy Lai’s case into the mix – long a diplomatic friction point between the two sides – could bring further complications.
“Look, they [China] want to make a deal so badly. That, I can tell you. But we’ve been talking,” Trump said during the radio interview.
The trial of Lai – a longstanding critic of the Chinese Communist party – has shone a spotlight on a sweeping crackdown on dissent in Hong Kong following China’s imposition of a national security law (NSL) in 2020.
Countries such as the US and Britain have called for Lai’s release and say his trial amounts to political persecution.
Trump calls Powell ‘a fool’ a day after Fed kept interest rates on hold
The president is up early and continuing to rant and rave on his Truth Social website this morning.
Now, Donald Trump has turned his ire back to Jerome Powell, the US central bank’s chair, calling him a “fool”.
He wrote:
‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him very much! Oil and Energy way down, almost all costs (groceries and ‘eggs’) down, virtually NO INFLATION, Tariff Money Pouring Into the U.S. – THE EXACT OPPOSITE OF ‘TOO LATE!’ ENJOY!
The US-UK trade deal announcement comes at a time when the president could do with some positive news on the economy.
The Federal Reserve yesterday kept interest rates on hold and called out growing dangers in the US economy amid Donald Trump’s erratic roll out of an aggressive trade strategy.
Jerome Powell, the US central bank’s chair, cautioned that the president’s tariffs were likely to raise prices, weaken growth and increase unemployment if maintained.
Fed policymakers cautioned that “the risks of higher unemployment and higher inflation have risen” as they opted to maintain the benchmark interest rate for the third time in a row. “Uncertainty about the economic outlook has increased further,” they said in a statement.
With inflation expectations – how consumers think prices will move – rising, Powell, the Fed chair, said the “driving factor” appeared to be Trump’s tariffs.
Meanwhile, White House National Economic Council Director Kevin Hassett on Wednesday told Fox News’ ‘The Ingraham Angle’ program that he was dismayed that the Federal Reserve has bad economic modeling on what might happen with tariffs.
Britain’s Starmer to make statement on US trade talks after reports of deal
Eleni Courea
Downing Street said the British prime minister Keir Starmer would make a statement on trade talks with the US on Thursday.
The agreement is likely to focus on lowering US tariffs on specific products, such as British steel, aluminium and cars.
Trump said on Wednesday that he was preparing to announce “a major trade deal with representatives of a big and highly respected country”. In a post on Truth Social, he promised it would be the “first of many”.
A No 10 spokesperson said:
The prime minister will always act in Britain’s national interest – for workers, for business, for families.
The United States is an indispensable ally for both our economic and national security.
Talks on a deal between our countries have been continuing at pace and the prime minister will update later today.
It is unclear whether further talks will be needed or whether any reduction in tariffs will be temporary or permanent. The deal is not expected to be a comprehensive trade agreement.
Trump confirms ‘full and comprehensive’ trade deal between UK and US
Donald Trump has announced a trade deal between the UK and the US, saying the agreement is a “full and comprehensive one”.
He wrote on his social media website 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!
Hugo Lowell
A team of senior British trade negotiators landed in Washington on Wednesday as talks over a deal between the two countries gathered pace.
Officials from the UK business and trade department were attempting to get an agreement signed before a planned UK-EU summit on 19 May.
UK officials have previously said they were targeting tariff relief on a narrow range of sectors in order to get a deal agreed before they begin formal negotiations with the EU over a separate European agreement.
Keir Starmer, the UK prime minister, has ruled out reducing food production standards to enable more trade of US agricultural products, as officials prioritise signing a separate agreement with the EU, which is likely to align British standards with European ones.
The Trump administration had imposed bruising tariffs on a number of trading partners on 2 April – on what the president dubbed “Liberation Day” – before partially reversing course after a sharp downturn in the US equity and, later, the bond markets.
The UK was not hit with reciprocal tariffs because the US has a trade surplus, where it sells more to the UK than it buys. But the UK has been affected, like every other country, by the 10% global tariff and the 25% tariff on foreign steel, aluminium and automobiles.
Trump expected to announce framework of UK trade agreement
Good morning and welcome to the US politics live blog. I’m Tom Ambrose and I will be bringing you all the latest news lines over the next few hours.
Donald Trump is expected to announce the framework of a trade agreement with the UK, according to two people familiar with the matter, after teasing a major announcement with a “big and highly respected, country.”
The specifics of any agreement were not immediately clear and there was no comment from the White House or the British embassy in Washington on whether an actual deal had been reached or if the framework would need further negotiation. Any agreement would mark the first such deal for the administration since it imposed sweeping tariffs against trade partners last month.
In a post on Truth Social previewing the announcement, Trump was vague and did not disclose the country or the terms.
“Big news conference tomorrow morning at 10:00am, the Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Trump wrote in a post on Truth Social.
There was uncertainty about what exactly Trump would announce from the Oval Office, at the event scheduled for 10am ET (3pm BST), given the president does not have unilateral authority to enter into trade agreements and needs to secure approval from Congress.
The US has been in talks with the UK for weeks as both sides sought to reach a quick deal, discussing lowering British tariffs on US cars and farm products, as well as lowering British taxes on US technology companies, the person said.
Timothy Brightbill, an international trade attorney at Wiley Rein, told the New York Times that the announcement would probably be “just an agreement to start the negotiations, identifying a framework of issues to be discussed in the coming months.”
To read our full report on this story, see here:
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