Back 09 May 2025

US stocks rise after Trump announces UK trade deal ​  

Summary: US stocks rose following the announcement of a trade deal between the US and UK, boosting hopes for further tariff negotiations. The deal reduces tariffs on British cars and lifts them on steel and aluminum, while opening up British markets to US beef and other farm products. Despite the positive sentiment, concerns remain about the potential impact of US tariffs on global growth and the possibility of further trade tensions.

Link: https://www.channelnewsasia.com/business/us-stocks-wall-street-us-uk-trade-deal-5118836