Former U.S. President Donald Trump has teased an upcoming announcement regarding a major international trade agreement, fueling speculation during a time of heightened focus on American trade policy. The declaration, expected on May 8, comes as the Trump administration navigates global tariff tensions and negotiates with key economic allies.
While specific details of the trade deal remain undisclosed, multiple media outlets, including The New York Times and Politico, have reported that the agreement could involve the United Kingdom, citing anonymous sources familiar with the matter. Trump referred to the partner nation only as a “big and highly respected country,” emphasizing the deal’s significance.
This development follows the imposition of reciprocal tariffs on multiple nations by the U.S. on April 2. Although many of those tariffs were temporarily paused for a 90-day negotiation window, the administration has yet to formalize any new agreements. Officials maintain that trade talks with several countries are in advanced stages, but until now, no major deals have been confirmed.
During a recent meeting with Canadian Prime Minister, Trump addressed growing curiosity over trade progress, expressing that numerous agreements are possible but will only be signed when favorable terms are secured for the U.S. His approach emphasizes leveraging America’s market strength to drive more beneficial trade outcomes.
Adding to the anticipation, U.S. Treasury Secretary Scott Bessent stated during a congressional hearing on May 6 that announcements could be made imminently. According to Bessent, negotiations are underway with 18 of the country’s largest trading partners. Talks with China—previously stalled—have also been rescheduled, signaling renewed engagement between the world’s two largest economies.
Bessent and U.S. Trade Representative Jamieson Greer are scheduled to travel to Switzerland on May 8, where they plan to meet with China’s top economic negotiator. Their visit could mark a turning point in trade diplomacy between the two countries.
As speculation builds, all eyes are on the anticipated May 8 announcement, which could reshape the landscape of international trade and impact U.S. economic relations moving forward.
