The US is set to announce a trade agreement with the UK, The New York Times reported, citing three sources familiar with the matter.US President Donald Trump had earlier posted on social media previewing a major press conference to be held at 10 am Eastern Time (10 pm Hong Kong time) on Thursday (8th), which will involve an important trade deal reached with a highly respected major nation.Related NewsFed Interest Rate Decision for May 2025 in United States is 4.5%, unchanged from its last period. The forecast was 4.5%.This agreement will be the first to be announced since Trump imposed steep tariffs on dozens of US trading partners.