The United States and the United Kingdom are on the verge of announcing a "comprehensive" trade agreement.

President Donald Trump and British Prime Minister Keir Starmer are expected to announce a new trade agreement today, Thursday, May 8th, described as "comprehensive and complete," in a move expected to enhance economic relations between the two countries and impact the global trade scene. Details of the agreement: Trump described the agreement in a post on "Truth Social," saying: "The agreement with the United Kingdom is a comprehensive and complete one, cementing the relationship between the United States and the United Kingdom for years to come." According to reports from outlets such as "New York Times" and "Politico," the agreement will be with the United Kingdom, while the "Wall Street Journal" mentioned it might be a "framework" for a broader agreement requiring further negotiations. Implications on the trade war: This announcement follows Trump imposing a series of tariffs on imports from several countries, including Britain, as part of what he called "Liberation Day" on April 2nd. Washington imposed a 10% tariff on imports from multiple countries, with a temporary freeze on additional scheduled increases. Trump tweeted on Wednesday, May 7th, saying he would announce a "huge trade deal" with a "big and highly respected country," without revealing its identity, sparking wide speculation before sources confirmed it was the United Kingdom. Reactions and expectations: The British government confirmed that Prime Minister Starmer will provide "updates" on the trade talks with Washington. A Downing Street spokesperson said: "Talks on the agreement between our countries are progressing rapidly, and the Prime Minister will announce updates at a later time." Reaching a trade agreement with the United States has been a British priority since its exit from the European Union, especially with an important summit between London and the EU on May 19th to discuss future relations. Potential impact on the European Union: This agreement may pose a challenge to the European Union, which is also seeking a trade deal with Washington. In this regard, Jonathan Portes, an economics professor at King's College London, said: "Any agreement with the United States is likely to be about limiting damage rather than boosting the economy." He told "AFP": "This means that Trump's tariffs are likely to be reduced, but... exporters are likely to face higher tariffs than last year." On the other hand, Jim Reid, an analyst at Deutsche Bank, said: "Since negotiating full trade deals takes years, this is likely to be a framework, and it will be interesting to see if the basic 10% tariff remains unchanged." Starmer's visit to Washington and previous talks: Starmer visited Washington in February, where he discussed trade issues with Trump and returned optimistic about the possibility of reaching an agreement. During the visit, Starmer handed Trump an invitation to meet King Charles III on an upcoming state visit, which London hopes will strengthen bilateral relations. It is worth noting that Britain recently signed a trade agreement with India, described as the "largest since Brexit," as part of its efforts to compensate for its exit from the European single market.