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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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Markets watch RBA, tax talks, and Nvidia surge

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Investors are eyeing a possible rate cut from the Reserve Bank of Australia as inflation cools. In the US, Trump’s sweeping tax bill is dividing Congress ahead of the 2026 race. Nvidia gears up to report earnings next week, with markets hopeful the AI boom continues. Meanwhile, Bitcoin has hit fresh record highs, driven by ETF momentum and global demand.

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Trump’s “big beautiful bill” takes centre stage

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Donald Trump is back in Washington, rallying Republicans around his sweeping new budget plan—nicknamed the “One Big Beautiful Bill.” It promises to tackle inflation, border security, and government waste, while proposing a bold new Department of Government Efficiency—possibly led by Elon Musk. With U.S. debt over $36 trillion, Trump’s push comes at a tense economic moment. Supporters say it’s about fiscal discipline; critics say it’s far-fetched. As 2026 looms, the question remains—can Trump deliver real reform, or is this more political theatre?

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Tech, trade & tariffs reshape global economic landscape

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The global economy is undergoing rapid change — with breakthroughs in technology, shifts in trade policy, and renewed inflationary pressures all colliding.

In the U.S., the autonomous vehicle sector is accelerating after Waymo received key regulatory approval to expand its driverless services. The move could give Alphabet a competitive edge over rivals like GM’s Cruise, with the prospect of robotaxis generating real revenue on the horizon.

At the same time, fresh tariff threats are sparking alarm in the retail sector. Walmart has warned that new duties could trigger double-digit price hikes, putting pressure on consumers and potentially reshaping spending patterns, especially in electronics and apparel.

Meanwhile, the UK and EU have struck new trade agreements aimed at reducing red tape around food and emissions. The deals mark a step toward improved cooperation and could provide a modest economic boost for exporters.

With uncertainty still hanging over global markets, investors are once again turning to precious metals. Gold and silver are gaining attention as safe havens, with silver’s industrial use giving it added appeal in an uncertain climate.

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