President Donald Trump announced Friday that the United States will sign new trade agreements "very soon" concerning tariffs, just one day after finalizing a first-of-its-kind trade deal with Britain. This follows his April announcement of reciprocal tariffs affecting most global economies.
Key Statements from White House Briefing:
Tariff Policy:
"The 10% minimum tariff will remain permanent"
Possible exceptions for countries offering "something extraordinary for us"
Deal Progress:
"We got a great deal yesterday [with Britain]"
"Four or five more deals coming soon"
"Many" additional trade agreements in negotiation
Background Timeline:
April 2:
Implemented reciprocal 10% base tariffs globally
Higher rates for most nations, including major U.S. partners
April 9:
Suspended new tariffs for 90 days (excluding China)
Maintained 10% minimum tariff framework
British Agreement Significance:
First post-"Liberation Day" tariff deal
Serves as model for upcoming negotiations
Demonstrates flexibility within Trump's tariff structure
Word Count: 175 | Style: Policy-focused news reporting
(Options: [ ] Add sector-specific impacts [ ] Include Treasury Secretary commentary [ ] Detail British deal terms)
Diplomatic Terminology Note:
"Reciprocal tariffs" maintained as official policy label
"Liberation Day" preserved in quotes per original context
"Base rate" used for 10% minimum (more precise than "minimum tariff")
Alternative Breaking News Lead:
"Fresh off sealing a landmark UK trade pact, President Trump reveals multiple new tariff agreements nearing completion, while vowing to maintain controversial 10% baseline duties with rare exceptions."