The New York Times reports that President Donald Trump plans on announcing a trade agreement with the United Kingdom on Thursday. It would be the first since his massive tariffs went into force.

Trump teased the agreement on Truth Social on Wednesday, calling it a "MAJOR TRADE DEAL" with a "HIGHLY RESPECTED" country, but did not mention the United Kingdom by name.

The deal's final status is unknown, but it comes amid investor concern about growing trade tensions. The IMF recently lower its global growth prediction for 2025 from 3.3% to 2.8%, citing trade uncertainty, according to The New York Times.

Talks between the United States and China are also scheduled to resume this weekend in Switzerland.