Live updates: Trump to make trade deal announcement with UK

President Donald Trump teased a significant trade announcement to be announced today — a source familiar with the administration’s plans tells CNN the deal will be with the United Kingdom.

It’s yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies.

In his post, Trump didn’t specify which country, but his administration has suggested it is in active negotiations with India, the United Kingdom, South Korea and Japan. Trump’s top trade adviser, Peter Navarro, told CNN Tuesday that he suspected the UK may be the first country to sign a trade agreement with the United States.

“I don’t know if it’s going to be the UK first or India first, it’s — we’ve got a little twist in the in this India story, so that might slow things down there, but I can assure the American people that there will be deals, and they will be very good deals for the American people,” Navarro said.

For weeks, Trump officials have said they are talking to more than a dozen countries and are nearing a deal, but none have been announced so far. Trump has frequently said he is in no rush to sign a deal, claiming that countries have been “ripping off” America for years and the high tariffs the United States has imposed will help balance trade.

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