Trump Announces New US-UK Trade Deal, Markets Rally

Donald Trump announced a new trade agreement with the United Kingdom on May 8, 2025, from the Oval Office. The agreement marks a significant shift in US trade policy and aims to ease economic concerns by reducing tariffs. This deal follows Trump’s recent sweeping tariffs, which impacted various industries. Market reactions have been positive with cryptocurrency markets rallying and anticipation of tariff reductions driving expected benefits for sectors such as auto manufacturing.