Trump teases 'major' trade announcement

Deal likely to be with the UK, the NYT says

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President Donald Trump was expected to announce a trade agreement with the United Kingdom at a news conference yesterday morning in Washington, according to people familiar with the matter.

Mr Trump teased the announcement in a social media post on Wednesday night, saying he would hold an Oval Office news conference to discuss “a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY.”

Details of the agreement weren’t immediately clear. The people familiar with the plans described them on the condition of anonymity.

Mr Trump has faced political pressure to find an off-ramp from his plan to raise US tariffs to their highest level in a century, as polls show Americans souring on his economic stewardship.