The United States and Britain are negotiating a bilateral trade agreement, U.S. President Donald Trump told a joint news conference with UK Prime Minister Keir Starmer on Thursday, saying such a deal could help avert U.S. tariffs, APA reports citing Reuters.
"We're going to have a great trade agreement," Trump said. "We're going to end up with a very good trade agreement for both countries, and we're working on that as we speak."
Starmer said the two countries had begun work on a new economic deal, with advanced technology at its core, to strengthen the already strong trading relationship.
Trump said the outlines of a trade agreement between the two allies could be agreed "very shortly," saying his Treasury Secretary Scott Bessent, Vice President JD Vance, Commerce Secretary Howard Lutnick and national security adviser Mike Waltz would lead the efforts.
He said he expected to get a trade deal done "rather quickly, as quickly as it can be done."
Asked if Starmer had convinced him to skip threatened reciprocal tariffs, Trump said, "He tried," lauding Starmer's negotiating skills.
"He was working really hard at lunch," he said. "I think we could very well end up with a real trade deal where the tariffs wouldn't be necessary. We'll see."
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