President Trump is poised to announce a trade agreement with the United Kingdom, the first since implementing extensive tariffs. Teased through social media, the details remain unclear, raising investor hopes of reducing uncertainty tied to ongoing trade wars and tariffs. The agreement comes alongside broader trade discussions between the U.S. and China. Although the UK has previously avoided Trump's tariffs, its exports are currently subject to a 10 percent duty. The UK and U.S. engaged in significant trade in recent years, just before the announcement of a new significant deal.
Investors have been anxiously waiting for signs of an easing of Trump's trade war amid fears that prolonged uncertainty over tariffs could inflict serious damage to the global economy.
The UK was spared from Trump's reciprocal tariffs announced against dozens of countries last month, but its exports have been subject to a 10 percent baseline duty since April 9.
Collection
[
|
...
]