President Donald Trump's schedule today, May 8, includes the formal announcement of a new trade deal with the United Kingdom and a White House appearance alongside the first lady.Why It MattersPresident Trump's trade strategy has largely centered on leveraging tariffs to renegotiate trade agreements, a move that has drawn criticism from some economic experts.The new deal with the U.K is the first announced since Trump revealed his sweeping tariffs, which he has said will help bring American's trading partners back to the negotiating table and help protect U.S. industries.Meanwhile, Melania Trump's appearance marks one of few since her husband took office.Trade Deal Announcement What: President Trump announcement of new trade deal When: 10 a.m. ET Where: Oval Office, the White House President Trump previewed a "major trade deal" on Wednesday, without identifying which "highly respected" other country was involved.Earlier on Thursday, Trump identified the U.K. and called the deal "full and comprehensive.Writing on Truth Social on VE Day—or Victory in Europe Day—marking the end of Workd War II in Europe, Trump said the deal would cement relationship between the two countries for many years to come. "Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement."He added: "Many other deals, which are in serious stages of negotiation, to follow!"As reported by Reuters, the agreement is expected to lower tariffs on British goods, while the U.K. lowers its own duties on American automobiles and reduce a digital sales tax.However, the U.K. has indicated that it will not lower its food standards to accept U.S. meat products, such as hormone-treated beef and chlorine-washed chicken, blocking some American producers from the British market.U.S. trade deals with other countries require congressional approval.The U.K.'s efforts to strike a new trade deal with the U.S. began after the British public voted to leave the European Union in 2020, but negotiations under former President Joe Biden's administration made limited progress.On April 2, Trump announced a 10 percent "baseline" tariff on all imports. The U.K. is also subject to a 25 percent levy on steel, aluminum and cars.The U.K. avoided the reciprocal tariffs, since paused for countries except China, that Trump announced that same day on account of it buying more from the U.S. than it sells.Melania Trump's White House Appearance What: President Trump and first lady Melania in celebration of military mothers When: 12 p.m. Where: East Room, the White House First lady Melania Trump is set to make a public appearance later, joining the president for a Celebration of Military Mothers in the East Room of the White House at 12 p.m.The first lady, who is mother to 19-year-old Barron, told the same event in 2019: "As a mother myself, I know what goes into raising a child. It takes an incredible amount of strength, a lot of time, a generous amount of patience, and all of your love. As moms, we are so incredibly privileged to be able to bring children into this world and be part of helping them grow into adults."During her husband's second term, the first lady has maintained a more private life, a move that has led to speculation about her role and visibility within the administration.Melania Trump has spent fewer than two weeks at the White House since Donald Trump returned to office in January, according to The New York Times, citing two people familiar with her schedule.She is also expected to unveil a postage stamp honoring former first lady Barbara Bush, the Times reported.The first lady, a Catholic, joined her husband at Pope Francis' funeral at the Vatican on April 26.