Trump imposed "reciprocal" tariffs on nearly all other countries, but quickly paused them to allow time to negotiate trade agreements with the United States.

Trump said the baseline tariff level could be much higher for other countries than the 10% that Britain agreed to.

President Donald Trump will announce a trade agreement with the United Kingdom on Thursday morning, he wrote on social media, calling it “full and comprehensive,” without providing more details. The deal is the first the administration hopes to sign with dozens of trading partners across the world.