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UK Prime Minister Kire Starmer appears by US President Donald Trump at the Western Midland, Britain, Thursday, May 8, 2025.
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. It is interesting that the mood in the Atlantic was not as optimistic: in the UK 100 closed below after the announcement.
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 takes over: lies in transactions 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. Pan -European Stoxx 600 The index increased by 0.4%. UK FTSE 100 decreased by 0.32% Giving up the previous income As the country and the US have announced a trade transaction and its Central Bank reduces interest rates.
The Central Bank of UK lowers the rates
Bank of England on Thursday reduce interest rates to 4.25% of 4.5%. The slice was widely expected, especially after the price slows, with Annual Inflation Cool up to 2.6% in Marchdeclined from 2.8% in the previous month. Five of the nine BOE politicians voted for the incision, with two participants a greater reduction in the 50-base point, and two want to keep the rates.
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% 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.
Bank Governor Andrew Bailey visits the press conference on the Central Bank’s Central Bank’s credit policy in the London city, May 8, 2025.
Carlos Yas | AFP | Gets the image
Why Governor Bank of England believes that uncertainty remains here despite the trading deal
Bank Governor Andrew Bailey said CNBC on Thursday that the UK was heading for more economical uncertainty, despite the fact that the country has first concluded a trade agreement with the United States with a contradictory tariff mode of President Donald Trump.
“The tariff and trade situation introduced more uncertainty,” Bailey said in an interview with CNBC. “The Britain and the US trade agreement is very welcome in this sense, very welcome. But the UK is a very open economy.”
This means that the impact from tariffs on the UK economy comes not only from its own trade relations with Washington, but also from the US and the rest of the world, he said.