The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol and virtually all of the products produced by our great farmers.
Donald Trump
President of the United States
This country will be like a rocket ship that goes straight up.
Donald Trump
President of the United States
S&P 500 increase
0.6%
Dow Jones increase in points
250 points
Projected tariff value
$6 billion
1
Projected new exports value
$5 billion
1
Boeing shares increase
3.3%
1
Value of Boeing plane purchase
$10 billion
1
Key Facts
- President Trump announced that the US has reached a trade deal with the UK aimed at increasing market access for American exports. This deal promises to enhance trade relations significantly.
- The S&P 500 climbed around 0.6%, while the Dow Jones also rose 0.6%, or about 250 points in response to the trade deal.
- The US-UK deal is seen as an important test case for future trade deals, having the potential to pave the way for similar agreements.
- Asian stocks gained after President Trump announced the trade agreement with the UK, boosting overall market risk sentiment.
- Equity futures for Japan and Australia climbed while those for US indexes were little changed after the Dow rose 0.6% and the S&P advanced 1% on Thursday.