President Donald Trump is poised to announce a trade deal between the United States and the United Kingdom, as per sources familiar with the matter. The announcement, set for Thursday, caused the British pound to strengthen against the US dollar. While the specifics of the deal remain undisclosed, Trump hinted at a significant agreement with a respected nation during a scheduled news conference. This development follows the imposition of tariffs by the US president on various countries, including the UK, which were later suspended for 90 days. Despite not facing higher reciprocal tariffs due to its trade balance with the US, the UK was still affected by specific tariffs on cars, steel, and aluminum imports. Both countries have reportedly made progress towards a trade deal that may involve reduced tariffs on steel and cars. Trump also mentioned potential trade deals with other countries like India, South Korea, and Japan. Meanwhile, amid an ongoing trade war between the US and China, officials from both nations are set to meet in Switzerland to discuss de-escalating tariffs, a move crucial for future trade negotiations. As developments unfold, stay tuned for updated details on this evolving trade scenario.