Fri, May 9, 2025

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 article from Fortune, dated May 9, 2025, discusses the global stock markets' reaction to the anticipated but ultimately uneventful UK-U.S. trade deal under former President Trump's influence. Despite high expectations, the deal turned out to be a "nothingburger," leading to a lackluster response from investors and a dip in market enthusiasm. The piece highlights how the markets had hoped for significant economic boosts from the deal, but the absence of substantial outcomes left investors disappointed and contributed to a bearish outlook in the short term.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/09/global-stocks-markets-trump-uk-trade-deal-nothingburger/ ]