President Donald Trump and Prime Minister Keir Starmer lauded the deal between the longtime allies as beneficial for both countries.

The United States and Britain are expected to announce a trade deal on Thursday that would lower the burden of President Donald Trump’s sweeping tariffs, delivering a political victory for U.K. Prime Minister Keir Starmer that Trump can also use to validate his turbulent approach to the international economy.

In response to President Donald Trump's assertions, China maintains that its economy remains robust despite the impact of U.S. tariffs.

President Donald Trump has ruled out reducing U.S. tariffs on Chinese imports as a precondition for restarting trade negotiations with Beijing, effectively dashing hopes of any imminent breakthrough in the long-running economic standoff between the world’s two largest economies.