President Trump is expected to announce a trade deal with the UK Thursday, the first for his administration since imposing sweeping — then pausing — "reciprocal" tariffs against all trading partners in early April.

Bankers and CEOs hit the brakes on mergers and acquisitions after U.S. President Donald Trump launched a global trade war on April 2, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis.