US PRESIDENT Donald Trump is expected to announce a trade deal between the United States and Britain on Thursday, the New York Times reported on Wednesday, citing three people familiar with the plans. A deal would be the second for Britain in a week after it clinched a free trade pact with India. A UK official said on Tuesday that Britain and the US had made good progress on a trade deal that would likely include lower tariff quotas on steel and autos. The news of a US-UK trade deal comes as US and Chinese officials prepare to hold talks in Switzerland on Saturday, which could mark the first step in resolving a potentially damaging trade war between the world’s top two economies. Trump has also imposed 25 per cent tariffs on autos, steel and aluminum, 25 per cent tariffs on Canada and Mexico, and 145 per cent tariffs on China.
