U.S. President Donald Trump is expected to announce a trade deal with the UK on Thursday, according to media reports. This would make the UK the first country to secure an agreement following the White House’s recent tariffs. The news follows a social media post by Trump, in which he teased the announcement of a “major trade deal” with a “big and highly respected country.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Earlier, a UK official confirmed on Tuesday that both countries have made substantial progress toward a trade deal, which is expected to include reduced tariff quotas on steel and automobiles. Notably, UK car and steel exports to the U.S. are currently subject to a 25% tariff.
Meanwhile, the Trump administration had previously confirmed that it is actively negotiating trade deals with India, the UK, South Korea, and Japan.
Below are some of the UK stocks affected by Trump’s tariffs.
