On May 8, according to the New York Times, citing people familiar with the matter, U.S. President Trump plans to announce a trade deal with the UK on Thursday Eastern Time. This will be the first trade agreement announced since Trump imposed "reciprocal tariffs".

Trump sent a signal on his social media platform Truth Social on Wednesday night that a new trade deal would be reached, but did not disclose the specific country.

After Trump previewed a major trade agreement, US media revealed: It was the UK

Trump is already under political pressure to find a step down for his plan to raise U.S. tariffs to the best in a century, as polls show Americans are dissatisfied with his economic management work.

There is no specific information about the news that the press conference will be announced, but Trump said it will be the first of many agreements. Trump wants to break down barriers to U.S. exports while calming market turmoil caused by his extensive tariff measures.

Trump's interest in a trade deal with Britain can be traced back to his first term when his advisers negotiated with Britain but failed to eventually reach a deal. (International Financial News)