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On May 8, 2025, British Prime Minister Keir St.
Albert Pesoli | Through Reuters
The UK is the first country to make a trade transaction with US replicas. And investors certainly did, giving three major indices in the US. Interestingly, the mood across the Atlantic was not as raised: the UK FTSE 100 Closed below after announcement of the agreement.
Certainly, the UK made some concessions, such as a low rate of tariffs for the first 100,000 vehicles exported to the United States, and providing new discussions for US President Donald Trump Universal 25% Importation of steel and aluminum.
Given this, the transaction is submitted better for the US, at least based on the fact that the 10% tariff will remain on all UK imports, as well as other compromises allowed by Britain.
The US is already conducting a trade surplus with the UK, which means that it exports more to the country than imports. And the 10% tariff was that Trump hit the UK on April 2, so there was no decline in these levies, despite the fact that both countries reached the agreement.
“What we have heard today is just a noise for most imports in the UK. It does not affect most products,” said Andy Abbot, CEO of Nice Ocean Liner Company Container Line, Lori Ann Larocco.
Based on the available details, Washington seems to have received the best end of the deal.
UK makes a preliminary trading business with us
US President Donald Trump on Thursday posted the outline A A trading agreement with the United Kingdom. Many specifics against the transaction were not immediately clear, and nothing was signed during the Oval Office. The White House article states that the US will keep a blanket by 10% tariff for UK imports, which, according to Trump, will floor for tariffs. A The impact of the transaction may be limitedCEO of cargo said.
Most markets combine news on trading transactions
American shares rose on Thursday In the news of the freshly expected US-UK agreement. A S&P 500 added 0.58%, Dow Jones Industrial Medium scored 0.62% and Nasdaq Composite Extended 1.07%, increased by the broad growth of Tech. Asia-pacific markets mostly rose on Friday. Hong Kong Hang the Index grew by 0.2%even as stock International Semicoler Production CorporationThe largest contract in China, which fell almost 7% after its Profit in the first quarter missed estimates.
Chinese April exports arise despite tariffs on the US
Export China in April jumped by 8.1% In comparison with the year earlier, the US dollars, according to data published by the customs authority of the country on Friday, dramatically defeat Reuters polls by 1.9%. Export growth is not amenable to 21% compared to last year’s departure in China in the US based on CNBC Customs Customs Customs. China’s export to the Southeast Asian Association rose 20.8% a year earlier, helping to compensate for exports to the US
Coinbase misses estimates when bitcoin jumps
Base The stock in extended trades fell by almost 3% after reported in the first quarter that Failed to justify the expectations. The company said consumer trading volume decreased by 17% from the fourth quarter. The same day bitcoin Prices rose by almost 7% per hour of trade in the US to $ 100,000 per First time since Februaryand a standard graduate analyst wrote an apology in the cheek that his A target of 120,000 dollars per bitcoin “May be too low.”
Selected first American pope
Cardinal Robert Francis Prevost was chosen by the Pope On Thursday, for the first time, an American was elected as a Pontiff Roman Catholic Church. Prevost, 69, chose the papal name of Leo XIV. After the news, Trump congratulated the new popewrites further The truth is social This is Leo, who is the “first American Pope” is “a great honor for our country.”
(Pro) Trading transaction only temporary incentive?
Although investors pleased the US-UK trading transaction and sent shares above Thursday, CNBC PRO participant Josh Brown, CEO of Ritzholtz Wealth Management, retains his Expectations of a long rebound to the market In control – and points to two shares of defensive technology because they behave more like consumer brackets.
Puma sportswear shop in the center of London on May 1, 2025.
Bloomberg | Gets the image
US pressure in the US has retailers that evaluate their prices
Home brands, including Pandora. Cougar and Huga chief This week they said they evaluate their pricing strategies in the US and abroad, in the event that the most punitive levies of President Donald Trump came into force. Others say they change their supply networks and potentially review their sales forecasts amid uncertainty in the US.
Last month, Trump announced wide, so -called mutual import duties in all US trading partners. The charges were later stopped for 90 days And it decreased to 10% for most countries except China, before the waiting talks.
Here’s what some major European retailers talked about their products and profits.