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The Latest Breaking News on Mandelson ‘looking forward’ to bringing down more US tariffs

Mandelson ‘looking forward’ to bringing down more US tariffs

Donald Trump’s press secretary insisted that the president will stand firm on the blanket 10% tariff on most UK imports into the US

Evening Standard

The U.K. Trade Deal Screws American Consumers

Residents of the United Kingdom will get lower tariffs, while Americans are stuck paying higher ones.

Reason

‘Someone needs to find his brain’: Donald Trump declares war on his new hallucination

What he needs is a nap.

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Voters like the UK-US reaching a trade deal – they just don’t think Trump will follow it

Less than one-third of UK adults and less than 45 percent of US adults believe Trump will abide by a trade agreement

The Independent UK

Wall Street is getting anxious about Trump’s trade war

ANALYSIS: Jamie Dimon, Ken Griffin and Barbie-maker Mattel all seem to be nervous about the president’s economic policies, writes Eric Garcia

The Independent UK

Trump rages at ‘highly neurotic’ MSNBC host over tariffs, claims network committed ‘Major Campaign Violation’

‘Donald Trump is backed into a corner’ and is ‘looking for an exit,’ Stephanie Ruhel said Friday morning, prompting the president to fire back on Truth Social

The Independent UK

Trump ‘committed’ to 10% tariff rate despite deal, says White House

Sir Keir Starmer has declined to rule out the possibility of changes to tech taxes in any future agreement.

Evening Standard

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Unusual Options Activity: 3 Long Straddles to Play From Thursday’s Top 100

There were 1,291 unusually active options in Thursday trading. The top 100’s Vol/OI ratios ranged from a high of 294.34 to a low of 10.60. Three of the top 10o are possible long straddles.

Barchart

Starmer declines to rule out tech tax changes as part of future trade deal

The Prime Minister said discussions are ‘ongoing’, but that the agreement announced on Thursday ‘doesn’t cover’ the digital services tax.

Evening Standard

John Rentoul answers your questions on Starmer’s trade deals – and their impact UK’s EU bargaining power

ASK ME ANYTHING: In a live Q&A, John Rentoul answered readers’ questions on Starmer’s trade deals, their impact on the UK’s global future, and their potential effect on relations with the EU

The Independent UK

The art of dealing with Donald Trump? Don’t fight him alone

This week’s trade deal is a boost for Keir Starmer. But a lasting win will only come by joining forces with other nations to resist the US president’s entire destructive agenda, says Guardian columnist Jonathan Freedland

The Guardian - UK

European stocks rise amid ‘cautious optimism’ over US trade talks

The UK’s FTSE 100 moved 23.19 points higher, or 0.27%, to close at 8,554.8.

The Independent UK

Citadel CEO Ken Griffin says 'it's terrifying to watch' as tariffs open doors to crony capitalism

"Tariffs open the doors to crony capitalism. The government starts to pick winners and losers,” Griffin said.

Fortune

Fact check: US trade deal and Indian air strikes

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

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The National (Scotland)

Labour MP slapped down over claim UK-US trade deal ‘great for Scotland’

A SCOTTISH Labour MP has been slapped down for his comments about the recently announced UK-US trade deal ...

The Independent UK

Voices: If the UK is to grow, Labour must look towards the real trade prize

COMMENT : An agreement with the US, which leaves its 10 per cent tariffs in place, would be eclipsed by a deal that lowered the trade barriers between the UK and the EU, writes James Moore

The Guardian - UK

Two trade deals and a rate cut in one week … are things looking up for UK plc?

Analysts say the news boosts business confidence, helps an EU trade reset and shows the UK is a good place to invest – but it’s unlikely to turbo-charge GDP

The Guardian - UK

How Singalong Starmer got his deal … and a bit part in Trump, the Musical

Finally, a British prime minister has landed a trade agreement with the US. It’s just a shame it’s not a very good one, says Guardian columnist Marina Hyde

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The Guardian - UK

US-UK trade deal has saved jobs at Jaguar Land Rover, says Mandelson

Government sources say some of company’s 30,000 UK staff were at risk before agreement to cut car tariffs

Fortune

Detroit automakers fuming after Trump’s first trade deal gives preferential treatment to imported U.K. cars over their own

'Under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA compliant vehicle from Mexico or Canada that is half American parts.'

Latin Times

Most Stocks Lifted By Hopes For US-China Talks After UK Deal

The mood among investors has improved substantially since the US president unveiled his "Liberation Day" blitz last month, sending markets spinning and fuelling global recession fears.

Fortune

Trump’s first trade deal might be a ‘nothingburger’ but stock investors like the taste of it anyway

The implication is that the baseline 10% tariff will likely stay in place globally but there can be industry-specific carve-outs. That’s good news for stocks.

The Independent UK

US trade deal a ‘political win’ but will do little for UK growth, say experts

Sir Keir Starmer said the trade agreement struck on Thursday is a ‘historic’ deal, but economists played down the benefits for the economy at large.

Euronews

James Bond franchise has 'nothing to worry about' when it comes to tariffs, Trump says

Donald Trump even attempted an impression of late actor Sean Connery while discussing the impact of US tariffs on the UK film industry following the announcement of a UK-US trade deal.

The Independent UK

US-UK trade deal: Ask chief political commentator John Rentoul anything after historic Trump agreement

ASK ME ANYTHING: The Independent’s chief political commentator, John Rentoul, is here to answer your questions on the landmark US-UK trade deal – from what’s in the agreement to how Keir Starmer sealed the pact with Donald Trump

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