Trump Touts 'Comprehensive' New Trade Deal With UK
By Amanda Castro
President Donald Trump announced a new agreement with the United Kingdom on Truth Social, calling it a "full and comprehensive" deal that will strengthen the U.S.-UK relationship. Trump also wrote of the nations' historic ties and described the UK as the first of several partners in upcoming international agreements.
What to Know:
Trump said the UK deal will "cement the relationship" for years
Called it the "FIRST announcement" of many foreign deals to come
Described other negotiations as being in "serious stages"
Post highlights longstanding U.S.-UK alliance
No specific terms or policy details have been released yet
The announcement was made via Trump's Truth Social account
Stay with Newsweek for the latest.
Now
09:28 AM EDT
Rollins says U.S.-U.K. trade deal still being finalized
Secretary of Agriculture Brooke Rollins said Thursday that the trade agreement between the United States and the United Kingdom, which President Donald Trump has teased as "major," is still in the early stages and not yet finalized.
"It is an agreement in concept," Rollins told Fox Business. "There's a lot of details to be worked out." She added that the deal would benefit American farmers and ranchers and promised more information would be shared later in the day.
Rollins also revealed she will travel to the U.K. on Sunday to continue negotiations. "I'll be there all next week as we continue to push America First around the world," she said.
09:14 AM EDT
Wolfgang Ischinger urges lasting U.S. support for Ukraine in CNN interview
Former German Ambassador Wolfgang Ischinger told CNN's This Morning on Thursday that Russia remains determined to eliminate Ukraine as a sovereign state and warned that a lasting peace will require long-term U.S. and European commitment.
Speaking with anchor Audie Cornish, Ischinger emphasized that a short-term ceasefire is not enough, and said the Biden administration appears to understand that. "If we want to have a ceasefire or a peace deal that lasts, it will require the permanent, long-term engagement of the United States," he said.
Ischinger also noted that Vice President J.D. Vance struck a more cooperative tone in a recent meeting than during his critical speech at February's Munich Security Conference. He praised the shift and said the dialogue was productive.
He shared advice from a Trump advisor who told him Europeans should take the U.S. president seriously but not always literally, adding, "The language he uses is sometimes not the language you guys are used to in Europe."
08:59 AM EDT
Trump allies reunite to back Albanian opposition in key election
Key figures from Trump's past campaigns have regrouped in Albania to support opposition leader Sali Berisha ahead of this weekend's election.
Chris LaCivita, co-manager of Trump's 2024 campaign, pollster Tony Fabrizio, and former campaign chair Paul Manafort are advising Berisha, the former Albanian president and prime minister. Berisha, who faces corruption charges, is aiming to unseat current Prime Minister Edi Rama and return the Democratic Party to power.
08:46 AM EDT
Trump to deliver trade announcement, honor military mothers
President Donald Trump is set to deliver a trade announcement at 10 a.m. Thursday, with expectations high that he will unveil a new bilateral agreement between the United States and the United Kingdom, according to the White House.
At noon, Trump and First Lady Melania Trump will host a celebration at the White House honoring military mothers, part of the administration's efforts to spotlight military families ahead of Mother's Day.
08:31 AM EDT
Donald Trump hit by double legal blow in hours
People gather for a rally
People gather for a rally in support of Tufts University student Rumeysa Ozturk and Columbia University student activist Mohsen Mahdawi in Foley Square on May 06, 2025 in New York City. Michael M. Santiago/Getty Images
President Donald Trump suffered two legal blows in a matter of hours on Wednesday.
A federal appeals court upheld a judge's order to bring Rumeysa Ozturk, a Turkish doctoral student at Tufts University, from a Louisiana immigration detention center back to New England. Then, the U.S. Court of Appeals for the DC Circuit ordered the release of funds to government-funded broadcasters overseen by the U.S. Agency for Global Media (USAGM).
Dozens of lawsuits have been filed challenging Trump's executive orders and actions taken by his administration, including the dismantling of federal agencies and the crackdown on international students involved in pro-Palestinian campus protests.
Trump's executive actions have been partially or fully blocked by the courts at least 78 times, according to a tally compiled by The Associated Press.
Read the full story on Newsweek by Khaleda Rahman on Newsweek.
08:18 AM EDT
Bank of England cuts rates amid global trade uncertainty
The Bank of England lowered its key interest rate by 0.25 percentage points to 4.25% on Thursday, citing easing inflation and growing global uncertainty driven by U.S. trade policies.
The decision marked the fourth cut since August, though the nine-member Monetary Policy Committee was divided—two members favored a steeper cut, while two wanted to hold rates. Governor Andrew Bailey said the central bank would continue a "gradual and careful" approach.
The move comes as markets await details of a new U.S.-U.K. trade deal, which could ease tariffs. Still, concerns remain about a broader U.S.-China trade conflict and its potential global impact.
08:04 AM EDT
Ukraine parliament ratifies key minerals deal with U.S.
Ukraine's parliament overwhelmingly approved a landmark minerals agreement with the United States on Thursday, clearing the way for a joint investment fund aimed at boosting cooperation in critical resources.
The ratification passed with 338 votes in favor, far surpassing the 226 needed. No lawmakers opposed or abstained, according to MP Yaroslav Zheleznyak.
The deal is expected to deepen U.S.-Ukraine economic ties and support the country's postwar recovery efforts through strategic resource development.
07:51 AM EDT
Trump blasts Fed Chair Powell in inflation post
Donald Trump took aim at Federal Reserve Chair Jerome Powell on Truth Social Wednesday, calling him "Too Late" Jerome and a "fool" who "doesn't have a clue"—before adding, "Other than that, I like him very much!"
07:38 AM EDT
DOGE deactivates over 500,000 credit cards
The Department of Government Efficiency (DOGE) has suspended more than half a million federal credit cards in its ongoing effort to slash government spending.
The task force, led by billionaire Elon Musk and launched by President Donald Trump earlier this year, announced that credit cards from 32 federal agencies have been deactivated as part of the initiative.
Created through an executive order upon Trump's return to office in January, DOGE was tasked with reducing workforce size and eliminating inefficiencies. With $40 billion in annual federal spending previously flowing through these credit cards, DOGE's deactivation campaign aimed to reduce non-essential expenses that can quietly add up across various departments.
In a statement released on Wednesday in a post by on X, formerly Twitter, DOGE said that the number of cards suspended in the audit has now passed half a million, meaning over a tenth of all government credit cards have been deactivated by DOGE.
"The program to audit unused/unneeded credit cards has been expanded to 32 agencies. After 10 weeks, more than 500K cards have been deactivated," the statement said.
"As a reminder, at the start of the audit, there were ~4.6M active cards/accounts, so still more work to do."
DOGE first revealed in March that it had suspended 200,000 cards across 16 agencies. Since then, the effort has more than doubled, now spanning 32 agencies and over 500,000 deactivations.
Read the full story by Theo Burman on Newsweek.
07:25 AM EDT
U.S. and U.K. set to announce trade deal easing tariffs
The United States and the United Kingdom are expected to unveil a trade agreement Thursday that would ease tariffs imposed under President Donald Trump and mark a diplomatic win for British Prime Minister Keir Starmer.
Trump announced the pending deal on Truth Social, calling it "full and comprehensive" and the first in a series of international agreements currently under negotiation. The announcement is expected at 10 a.m. EDT.
While the deal is not expected to be a full free trade agreement, it will likely deliver targeted tariff relief—especially for U.K. car and steel exports, key priorities for British negotiators. Trump has imposed steep tariffs on autos, steel, and aluminum since returning to office.
Starmer confirmed during a defense conference that an update on U.S. trade talks would come later in the day. His government has taken a low-conflict approach to negotiations with Trump and avoided retaliatory tariffs.
The U.S. is the largest market for British auto exports and one of the U.K.'s most important trade partners overall. Still, any agreement is unlikely to address Trump's broader concerns over global trade deficits, including the U.S. surplus with Britain.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings