The UK and US are poised to announce a trade agreement, the first by the White House since Donald Trump announced his sweeping global tariffs.

Trump said it was “a very big and exciting day” for both countries ahead of a press conference in the Oval Office on Thursday. Keir Starmer is planning to deliver his own press conference at around the same time.

The leaders are expected to unveil a trade deal focused on lowering US tariffs on specific products, such as British steel, aluminium and cars.

Trump said the agreement was “a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come”.