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Trump announces UK trade deal as first step forward

Trump announces UK trade agreement, reducing tariffs and barriers, seen as a model for future deals amid ongoing negotiations.

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Trump announces UK trade agreement, reducing tariffs and barriers, seen as a model for future deals amid ongoing negotiations.

In Short:
Trump announced a new trade agreement with the UK to improve market access for US products and reduce tariffs, particularly on automobiles and metals. The deal aims to facilitate future negotiations and strengthen economic ties after Brexit, with a positive market reaction noted.

President Donald Trump has announced a new trade framework with the UK, describing it as a significant development that may pave the way for further agreements to expand market access for American products.

The agreement, introduced on May 8, will expedite the customs process for US goods entering the UK and reduce barriers on a variety of exports, including agricultural and industrial products. Tariffs on UK automobiles will decrease to 10%, while tariffs on metals will be eliminated.

Trump, alongside UK Prime Minister Keir Starmer, acknowledged that further negotiations are needed to finalize details of the pact, with many specifics still to be determined. This announcement marks Trump’s first since imposing significant tariffs on multiple trading partners.

The markets reacted positively, with stocks rising as optimism about the deal spread. Trump expressed confidence that extending tax cuts could further boost the market.

The framework outlines reductions in US duties on British steel and autos in exchange for increased access to American agricultural exports. British farmers will receive a tariff-free quota for a limited quantity of beef. Both parties aim to expedite future negotiations, including discussions on the digital services tax and other tariffs.

This agreement may set a precedent for future deals with other nations, although Trump noted that terms for other trading partners may differ significantly. As the US continues to navigate complex trade relations, this agreement with the UK is seen as a step towards strengthening economic ties post-Brexit.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Global stocks wobble as Davos kicks off and Trump reshapes geopolitics

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

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Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.


Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.

The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.

Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.

Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.

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#GlobalMarkets #Davos #WorldEconomicForum #Trump #Greenland #Stocks #Geopolitics #Ticker


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Zelenskyy reveals planned UAE talks with Russia and the United States

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

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Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.


Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.

He also criticised European leaders at the World Economic Forum, calling for stronger political will.


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Albanese apologises to Jewish community at Bondi attack memorial

Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.

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Albanese apologizes to Jewish community, pledges to combat antisemitism after Bondi terror attack during Sydney memorial.


Anthony Albanese has apologised to the Jewish community, saying Australia failed to keep people safe after the Bondi terror attack.

Speaking at a memorial in Sydney, he pledged to confront antisemitism and stand with families and first responders in grief and unity.


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