The US and UK are preparing to announce a significant trade agreement, which could reduce tariffs and enhance bilateral trade. President Trump emphasized the importance of this deal, suggesting it is the first of many agreements in progress. Despite existing tariffs, this deal aims to build a framework for future negotiations with other nations. Investors reacted favorably, indicated by the rise in S&P 500 ETF. Meanwhile, in unrelated news, Trump criticized Fed Chairman Jerome Powell for maintaining interest rates.
President Trump stated, 'We’re signing a full and comprehensive trade agreement with the UK, which will set the stage for more trade deals globally.'
Investors reacted positively to the announcement of the trade agreement, with the Vanguard S&P 500 ETF gaining 0.8% in pre-market trading.
Collection
[
|
...
]