President Donald Trump is building anticipation for a forthcoming announcement on May 8 regarding a significant trade deal, leaving many questioning the outcome of ongoing trade negotiations. While details of the deal remain undisclosed, Trump hinted at its involvement with a “big, and highly respected, country,” with speculations pointing towards Britain as the potential partner.

Following the imposition of reciprocal tariffs on multiple countries on April 2, Trump temporarily halted these tariffs for 90 days, citing eagerness from countries to engage in trade negotiations. Despite assertions from administration officials about nearing trade agreements, no deals have been finalized as of yet.

During a meeting with Canada’s prime minister on May 6, Trump acknowledged the intense interest surrounding trade deals, expressing frustration at the persistent inquiries about signing agreements. Treasury Secretary Scott Bessent indicated during a committee hearing on the same day that trade deals with major trading partners could be announced imminently, with negotiations already underway with 18 countries except China.

As discussions with Chinese officials are scheduled in Switzerland on May 8, led by U.S. Trade Representative Jamieson Greer and Secretary Bessent, the anticipation for fruitful trade agreements remains high. The administration’s proactive stance on trade negotiations signals a potential breakthrough in international trade relations.