Stock on Thursday after President Trump announced the new Trade agreement With the UK.
S&P 500 55 points or 1%, up to 5,686, while the average of 41,523 stands at 408 points or 1%on average. Nasdak also gained composit, increased by 5.7%.
Mr Trump announced a trade agreement with the UK from the Oval Office on Thursday morning, saying “billions of dollars of extended market access to American exports will include access to American exports, especially in agriculture.” He also added that the UK will eliminate non-duty barriers to “unjustly discriminated against American products”.
In April, 10% of Baseline US taxes will be in imports from Britain and other countries imposed by the Trump administration.
“We still have 10% duty duty on the United States, which will earn billion billions of dollars,” said Howard Lutnik, the White House briefing on Thursday.
Trump administration in April Establishment 10% tax on import from Britain, as well as 25% tariff on auto, steel and aluminum, provides an injury to the United Kingdom, which exports a large percentage of British cars in the United States. According to the UK office for national statistics, British cars were more than a quarter of the UK’s auto export in 2021.
Expect more instability
When the market moves towards a strong start on Thursday morning before the US-OL Station Treaty announced, Chief Investment Officer of the UBS Global Wealth Management, USA, USA, should expect Wall Street Headwinds to expect Wall Street.
“Although we have continued to implement various deals or sectors carv-outs before the end of the 90-day break in July and in secular AI trend, we think investors have to be ready for instability,” he wrote in an email.
Earlier this week, the Treasury Secretary Scott Besent told the House Committee on Tuesday that the United States has “important business relationships” and is currently discussing 17 to reach deals.
The US-UK deal may be an encouraging start, but big business partners may, including China.
Treasury Secretary Scott Basent and a high-level Chinese delegation this weekend called on the world’s second largest economy to cancel its tariff on Thursday, which Trump administration announced on Tuesday.
Meanwhile, on Wednesday Trump said he would not reduce his 145% tariff on Chinese products as a condition of discussion. China has also re -prepared its call to reduce its unilateral tariff in the United States.
At a press briefing on Thursday, the trade ministry spokesman told Yadong journalists that the United States should show sincerity to speak “to speak and to correct its wrongdoing and to be ready to cancel unilateral tariffs,” Bloomberg. “
The Federal Reserve refers to the uncertainty about the trade policies of the Trump administration Announced on Wednesday That will leave its benchmark interest rate in its current range of 4.25% to 4.5%.
Contributed to this report.
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