Trump announces huge UK trade deal with big boost for U.S. company

By Nikki Schwab, Chief Campaign Correspondent at the White House

The Dow popped up 200 points Thursday with the announcement that President Donald Trump and British Prime Minister Keir Starmer agreed to a U.S.-U.K. trade deal.

Trump sent the markets spiraling with his ‘Liberation Day’ tariff announcement on April 2, setting 10 percent tariffs on most of the world, and higher reciprocal tariffs on countries that the president defined as bad trade actors.

The president then walked back the higher tariffs, putting them on pause for 90 days, while negotiations were ongoing.

Thursday’s announcement with the U.K. marked the first completed trade deal.

Trump put Starmer on the phone in the Oval Office as he cheered the deal.

Sir Keir Starmer said the US-UK trade deal is ‘just the start’ of an ‘ambitious’ economic partnership between the two nations.

Speaking from a Jaguar Land Rover plant, the Prime Minister added his officials are ‘hammering out’ further details with the US.

He said: ‘I also want to be clear, this is just the start with the deal we’ve done today. We can say jobs saved, jobs won, not job done, because we’re more ambitious for what the UK and the US can do together.

‘So we’re hammering out further details to reduce barriers to trade with the United States, across the board.’

First lady Melania Trump is skipping President Donald Trump’s whirlwind trip to the Middle East next week.

Daily Mail confirmed the first lady’s absence as the president visits Saudi Arabia, Qatar and the United Arab Emirates over the course of three and a half days.

The Middle East trip was supposed to be the president’s first big foreign swing of his second term.

But due to the death of Pope Francis, Trump traveled to Rome first. Melania, a Catholic, accompanied him on that trip.

The first lady hasn’t fully moved back into the White House since Trump was sworn-in in January.

By Nikki Schwab, Chief Campaign Correspondent at the White House

President Donald Trump didn’t wait to have British Prime Minister Keir Starmer fly-in before announcing the U.S.-U.K. trade deal on Thursday.

Instead Trump brought reporters into the Oval Office and had Starmer call-in.

The trade event wasn’t on the original White House public schedule for Thursday.

Both leaders touted that May 8 was Victory in Europe Day, when Germany surrendered to the allies, which included the United States and the United Kingdom.

On the phone, Starmer commented the timing ‘couldn’t be more apt.’

The prime minister said the announcement was ‘going to boost trade between and across our countries.’

‘With this President and Prime Minister, we have managed to achieve what many people have tried to achieve for years,’ Starmer also said.

By Katelyn Caralle, Senior U.S. Political Reporter

Donald Trump lauded the ‘incredible day for America’ as he struck a major trade deal with the United Kingdom.

It’s the first agreement reached since the president announced his massive tariff plan on April 2.

On Truth Social, Trump listed some of the ddetails of the deal.

As part of this Deal, America will raise $6 BILLION DOLLARS in External Revenue from 10% Tariffs, $5 BILLION DOLLARS in new Export Opportunities for our Great Ranchers, Farmers, and Producers, and enhance the National Security of both the U.S. and the UK through the creation of an Aluminum and Steel Trading Zone, and a secure Pharmaceutical Supply Chain.

He also previewed that more deals are coming after his ‘Liberation Day’ tariff threats shook international markets.

By Katelyn Caralle, Senior U.S. Political Reporter

Donald Trump blamed former Transportation Secretary Pete Buttigieg, 43, for prevailing ‘air traffic problems.’

The president railed against Buttigieg, who ran for the Democratic presidential nomination in 2020 and is likely looking to launch another bid for the White House in 2028.

‘Air Traffic problems caused by the incompetent Biden Administration, as headed by, in this case, a total novice and political hack, Pete B. I WILL FIX IT!!!’ Trump posted to Truth Social on Thursday.

The attack comes after a series of disasters and close calls in commercial U.S. air travel.

Joe and Jill Biden are re-emerging from their post-White House life to hit back against a spate of new books revealing embarrassing details about the former president’s declining health.

Their first big joint stop will be an interview on ABC’s The View on Thursday morning but the former first couple have other options they are considering, including a massive deal to publish their tell-all memoirs.

Biden is already hard at work on his own tome about his White House years, writing at his home office in Delaware and his post-presidential office in Washington D.C.

Donald Trump revealed he has struck a huge trade deal with the United Kingdom, the first such agreement since he launched a global trade blitz last month.

The president promised many more deals would follow with other countries after his ‘Liberation Day’ tariffs sent the world economy into a tailspin.

It means Trump is handing a big political victory to a key ally, UK Prime Minister Keir Starmer, who has been negotiating behind the scenes with the White House for weeks.

Fed chair Jerome Powell said uncertainty about the economy has only increased in the first decision since President Trump unleashed a series of aggressive tariffs on much of the rest of the world.

Powell said the possibility of the nightmare situation of stagflation – where inflation remains high and unemployment also increases – has increased, in a stark new warning.

‘If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,’ Powell said.

Rising prices and more unemployment threatens the Fed’s dual mandate to keep prices in check while ensuring a healthy labor market.

Inflation currently remains ‘somewhat elevated’ according to the Fed’s statement.