TRUMP UK TRADE DEAL
Will UK-EU Summit change the future of trade relations amid US tariff challenges?
The United Kingdom is focusing on strengthening ties with the European Union. This comes after a trade deal with the United States did not meet expectations. A UK-EU summit is planned to discuss greater integration. Regulatory alignment could significantly boost British exports. Defence cooperation is also a key area of focus.
Trump shadow begins to loom over India's factories
India’s manufacturing hopes from Trump’s China tariffs face setbacks as the US signs deals with China and the UK. India plans to impose tariffs on US goods, citing steel and aluminium duties. Trade talks stall amid geopolitical strain and conflicting claims over US mediation in the India-Pakistan conflict, raising concerns over the India-US bilateral relationship.
Trump's UK deal tests Canada's trade future
President Trump unveiled a preliminary trade agreement with the UK, boosting American exports while maintaining tariffs. This deal, offering insight into Trump's trade objectives, has implications for Canada, particularly its auto industry. Prime Minister Carney's visit to Washington signals a cooperative approach, but hard bargaining is expected, with Trump aiming to reduce the US trade deficit.
India should draw lessons from the US-UK lopsided trade deal and be cautious on deal with America, warns GTRI
The US-UK trade deals offer insights into potential US trade approaches with India, cautioning Indian negotiators about prioritizing tariff-focused, transactional arrangements over comprehensive FTAs. GTRI warns India to anticipate US pressure for tariff reductions on agricultural products and eased FDI restrictions. It emphasizes the need for reciprocal, equitable trade deals that protect India's interests.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement. While the Federal Reserve held rates steady, the Bank of England cut them. Bitcoin's resurgence above $100,000 signals a renewed appetite for risk.
Global stocks, Bitcoin rally on renewed trade deal hopes
Global stocks showed strength, nearing six-week highs. This followed a US-UK trade agreement, boosting hopes for tariff talks. India offered tariff cuts to the US, seeking exemptions. Germany's Dax hit a record high. The US-UK deal is seen as a positive sign for trade relations. Investors shifted from bonds to stocks. Bitcoin reached its highest level since January.
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US stock market today: Wall Street slips as Dow drops 113 points, S&P 500 and Nasdaq dip 0.3%—Trump eyes 80% China tariff, UK trade deal offers hope — will trade talks calm the storm or fuel more turmoil?
US stock market today: Stocks fall Friday as traders grow cautious ahead of key U.S.-China trade talks. The Dow dipped 113 points, while the S&P 500 and Nasdaq both slipped 0.3%. Tensions remain high with President Trump suggesting an 80% tariff on China, down from the current 145%. Meanwhile, a new trade deal with the U.K. offers hope but uncertainty looms. Companies like Coinbase, Expedia, and Monster Beverage also moved on weak earnings. Investors are watching closely as the weekend's talks could shape markets going forward. Will the China talks ease pressure, or spark more volatility?
Video: Trump praises EU chief and calls her 'fantastic' amid tariff row. Von der Leyen 'blushes'
In an unusual instance, US President Donald Trump called European Union chief Ursula von der Leyen 'fantastic'. Trump made the remarks after he rolled out US-UK trade deal on Thursday. His remarks quickly prompted a reply from Ursula von der Leyen who said she likes compliments in general. The US president announced a 20-percent tariff on most EU goods in April.
UK unveils 'historic' US trade deal at Tata Motors' Jaguar Land Rover factory
British Prime Minister Keir Starmer announced a historic trade deal with the US, following a similar agreement with India. The US deal, finalized after a call with President Trump, cuts car export tariffs and eliminates steel tariffs, benefiting UK carmakers, steelworks, and farmers. The agreement also paves the way for future UK-US technology partnerships in advanced sectors.
Gold firms on dip buying; US-China trade talks in focus
Gold prices edged higher on Friday as investors sought refuge in the precious metal following a previous session dip, awaiting U.S.-China trade discussions this weekend. The market is also digesting the recent U.S.-UK trade agreement and anticipating insights from Federal Reserve officials regarding the economy and monetary policy. Geopolitical tensions in the Kashmir region further influenced market sentiment.
Asian stocks edge up on optimism about trade talks
Shares in Japan, which was negotiating with the US for a deal to lower levies, jumped 1.1% while a regional gauge made moderate gains. Treasuries were little changed at the open after yields surged in the prior session, with traders paring bets on interest rates. Bitcoin extended its rally, rising 0.4% to around $103,000. Gold rebounded early Friday after falling in its two previous sessions. The Nasdaq Golden Dragon China Index rose 1% during US trading.
Bitcoin tops $100,000 on trade deal optimism
By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
Donald Trump lays red carpet for Rolls-Royce, Bentley, Jaguar in UK Trade agreement. Details here
President Donald Trump on Thursday reduced taxes on handmade UK luxury cars like Rolls-Royce, saying they are rare and don’t compete with U.S. cars. The UK will also lower some U.S. taxes.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian stock indices closed lower Thursday amid India-Pakistan tensions and weak global cues. Sensex fell 412 pts; Nifty dropped 141 pts on profit booking and geopolitical concerns.
Donald Trump announces a comprehensive trade deal with Britain; here is the total breakdown, how will both the nations benefit?
Donald Trump UK trade deal headlines global news as the U.S. and Britain seal a major post-Brexit economic pact on VE Day. The deal slashes tariffs on UK car and steel exports, opens UK doors to U.S. beef and ethanol, and boosts tech ties in AI, 5G, and aerospace. Both countries aim to grow jobs, exports, and investment while reinforcing a strategic alliance. With tariff reductions and deeper cooperation across key sectors, this agreement sets the stage for stronger economic futures on both sides of the Atlantic. Dive into how this historic trade deal impacts industries, jobs, and global trade dynamics.
Britain's digital tax on 'Big Tech' not impacted by trade deal
Britain will retain its 2% digital services tax on tech giants like Amazon and Google, despite a new UK-US trade deal. While the tax remains unchanged, both nations aim to ease digital trade barriers, boosting UK firms’ access to the vast US market.
Gold price falls as U.S-U.K announce trade deal; here's how much it fell and what experts are saying
Gold prices fall as U.S. President Donald Trump signals a major trade deal with Britain, easing market fears and reducing gold’s appeal as a safe-haven asset. With spot gold dropping 0.7% to $3,342.22 and U.S. gold futures down 1.3% to $3,347.90, investors shift focus to improving trade ties and a stronger dollar. Meanwhile, China’s gold import policy change and rising India-Pakistan tensions could still impact demand. Talks between the U.S. and China in Switzerland this weekend add more uncertainty. Here's a detailed breakdown of all the key events moving the precious metals market today.
Trump announces a trade deal with UK, making it US' first bilateral agreement after slapping tariffs
The United States and Britain are set to announce a trade deal on Thursday, poised to alleviate the impact of President Trump's extensive tariffs. This agreement marks the first bilateral trade deal since Trump initiated his tariff agenda. While Trump acknowledges the deal, he notes that final details are still being finalized in the coming weeks.
US Stock Market Today: Market surges as trade deal hopes lift Wall Street; Dow +253 pts, S&P 500 +0.6%, Nasdaq +0.9%, 10-yr yield 4.29%, gold slips — can trade talks calm recession-wary investors?
US Stock Market Today: Wall Street rises as fresh hope for trade deals brings a wave of optimism to U.S. markets. President Donald Trump’s trade agreement with the UK sparks investor confidence, lifting the Dow Jones, S&P 500, and Nasdaq. With talks of more deals ahead and earnings reports from companies like Tapestry and Krispy Kreme, markets are watching closely. But recession fears still linger as tariffs, inflation, and global tensions stir uncertainty. This story breaks down what’s moving the market, what’s next for trade, and how businesses are reacting in this fast-changing economic landscape.
US stocks rise as Trump announces trade deal with UK
Wall Street's main indexes opened higher on Thursday on news that the United States was on the verge of signing a trade agreement with Britain, while chip stocks added to gains on the prospect of fewer export curbs on AI semiconductors.
Trump announces 'full and comprehensive' trade deal with UK
Donald Trump declared a comprehensive trade agreement with Britain. This is the first deal since his tariffs. However, London's response suggests a less comprehensive agreement. The deal aims to strengthen US-UK relations. It addresses tariffs on steel and cars. Further negotiations are expected, especially in pharmaceuticals. This follows UK's recent trade agreement with India.
Trump to announce trade deal with UK Thursday: Reports
Donald Trump is expected to announce a trade deal with the United Kingdom on Thursday, according to US media reports. Trump teased a "major" upcoming agreement on social media, stating it would be the "first of many." This announcement follows recent US tariff impositions and Britain's efforts to bolster trade ties post-Brexit, including a recent deal with India.
Cheaper chocolates, cosmetics, soft drinks from UK no threat to India’s local industry
India's Free Trade Agreement (FTA) with the UK will reduce tariffs on various products including cosmetics, soft drinks, and chocolates, though officials expect no significant surge in these imports that would harm domestic industry. Scotch whisky imports are likely to grow, as tariffs will be reduced from 150% to 75% immediately and to 40% over ten years.
India to benefit from relaxed UK visa rules under new trade deal
A new trade agreement between India and the UK will simplify visa rules for Indian professionals in technology and other sectors. The deal includes an annual quota of 1,800 visas for Indian musicians, chefs, and yoga instructors. Indian companies operating in the UK will benefit from easier mobility for service sector workers.
India-UK trade deal shows globalisation is ticking along
India and the UK have finalised their FTA after long negotiations. The agreement reflects political compromise, with India dropping some demands regarding labour migration. The deal aims to boost UK GDP and lower prices for consumers. Canada is pursuing trade partnerships with Indonesia and Asean. A trade agreement between India and the EU is expected soon.
Tata Motors shares surge 9% in 2 days. Here are 5 forces fueling the run
Tata Motors shares:A landmark Free Trade Agreement between India and the UK, announced this week, has sparked optimism for a more favorable export regime for Jaguar Land Rover (JLR), the British luxury carmaker owned by Tata Motors.
ET Graphic: How the India-UK FTA turned the tariff tide
India’s trade deal with the UK has significantly slashed duties on various products. 64% of tariff lines will be eligible for duty-free imports into India immediately after the pact is in force.
'Incoherent nonsense': Keir Starmer defends UK-India FTA amid opposition criticism over tax exemptions
British Prime Minister Keir Starmer is defending the Free Trade Agreement (FTA) with India against criticism regarding a double taxation clause. The clause exempts Indian workers in the UK from National Insurance contributions for three years, a move the Conservative Party claims unfairly benefits Indian workers and costs the UK Treasury.
Milestone for India, UK: Indian labour-intensive exports poised to gain; UK terms it the biggest deal since Brexit
India and the UK have finalized a free trade agreement. This deal seeks to strengthen economic relations between the two nations. British goods like Scotch whisky will become cheaper in India. Duties on Indian exports to the UK will decrease. The agreement covers various sectors including textiles and leather. Bilateral trade is expected to reach $120 billion by 2030.
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