Trade Deal Poker: U.S. Shows Britain Its Cards While China Waits at The Table
Key Points
- The U.S.-UK trade deal is underwhelming, maintaining a 10% t...
Uncle Sam just gave Britain a friendly pat on the back with a trade deal that's about as impactful as bringing a rubber duck to a naval battle. The U.S. maintained its 10% baseline tariff while tossing the UK a bone on car exports, leaving market analysts scratching their heads and wondering if they should applaud or yawn.
Tea, Crumpets, and Tariffs
The MSCI global equities index saw a modest bump while the U.S. dollar took a breather on May 9, proving that sometimes even a tiny trade agreement can make waves in the financial ocean. Traders, ever the optimistic bunch, are crossing their fi...
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