British Prime Minister Kiir Starmer speaks to employees at a factory in West Midlands, Britain, on May 8, 2025.
Alberto Bizali By Reuters
The United Kingdom is the first country to conclude a trade deal with the United States braid. Certainly, investors granted the three winning sessions to the United States of America. It is strange that the mood across the Atlantic Ocean was not optimistic: the United Kingdom FTSE 100 Less closed after announcing the agreement.
Certainly, the United Kingdom extracted some privileges, such as the low rate of tariffs on the first 100,000 vehicles exported to the United States and securing new discussions for US President Donald Trump 25 % global days on steel and aluminum imports.
However, the deal seems more useful for the United States, at least based on the fact that the 10 % tariff will remain on all UK imports, along with other concessions that Britain allows.
The United States is already running a commercial surplus with the United Kingdom, which means it exports the country more than it imports. The tariff by 10 % was what Trump slapped in the United Kingdom on April 2, so there was no decrease in those drawings despite the fact that both countries reached an agreement.
Andy Abbott, CEO of CNBC from CNBC, Lori Ann Laroco.
Based on the available details, Washington appears to have got a better end to the deal.
What you need to know today
The United Kingdom is making an initial business deal with us
On Thursday, US President Donald Trump laid out the outlines A commercial agreement with the United Kingdom. Several details about the deal were not immediately clear, and nothing was signed during the oval office event. The White House fact newspaper reported that the United States will retain a 10 % blanket tariff for UK imports, which Trump said will be The floor of definitions. the The effect of the deal can be limitedThe CEO of shipping shipment said.
Most of the markets are gathered on the news of the commercial deal
American stocks rose on Thursday On the news of the newly signed United States of America. the S & P 500 He added 0.58 %, and Dow Jon’s industrial average Earn 0.62 % and Nasdak Advanced 1.07 %, supported by a wide increase in technology shares. The Asia and Pacific markets mostly rose on Friday. Hong Kong Hang Singh Fahras It increased by 0.2 % until their cup The International Corporation for the Manufacture of SemiconductorsThe largest chip maker in China, nearly 7 % decreased First quarter profits Defeat estimates.
Increased exports of China in April despite the American definitions
China’s exports jumped in April 8.1 % In the US dollar periods of the previous year, according to the data issued by the Customs Authority on Friday, it sharply won 1.9 % Reuters poll estimates. The increase in exports on a 21 % debate is challenged on an annual basis in China’s foreign shipments to the United States, at the expense of the CNBC for official customs data. China’s exports to the Association of Southeast Asian countries increased by 20.8 % in April of the previous year, which helped compensate for the decline in exports to the United States
Coinbase makes estimates as bitcoin jumps
Coinbase The shares decreased by almost 3 % in the stretch trading after they were reported to the revenues of the first quarter of that Failure. The company said that the volume of consumer trading decreased by 17 % from the fourth quarter. On the same day, Bitcoin Prices increased by approximately 7 % during trading hours in the United States to more than $ 100,000 for For the first time since FebruaryAnd a standard rented analyst wrote an apology in his tongue in the cheek The goal of $ 120,000 for Bitcoin “It may be very low.”
The first American Pope was elected
cardinal Robert Francis Brevost Kebaba was elected On Thursday, the first time that an American was chosen as teeth of the Roman Catholic Church. Choose Prevost, 69, the fourteenth papal name Liu. After the news, Trump congratulated the new PopeAnd writing on Social truth Liu being “the first American Pope” is a “great honor for our country.”
(Pro) commercial deal only a temporary incentive?
Although the investors chanted the commercial deal of the United States Tasty market recovery expectations In selection – it refers to two defensive technology arrows because they act more like consumable foodstuffs.
Finally …
Puma Sportswear in central London on May 1, 2025.
Bloomberg Gety pictures
The pressure of the American tariff has retailers
Home brands including Pandoraand Pooma and Hugo coach They said this week they are evaluating their pricing strategies in the United States and beyond, in the case of the most valid in the most valuable penal fees of President Donald Trump. Others said they are changing their supply chains and are likely to review their sales expectations amid uncertainty in American commercial policy.
Last month, Trump announced mutual import duties in all trading partners in the United States. The accusations were later Stop temporarily for 90 days It decreased to 10 % for most countries with the exception of China, pending commercial negotiations.
Here are what some of the main European retailers say about the prices of their products and profit expectations.
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