A deal, a cut and another Trump trade tip
Friday 9th May 2025
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Markets have seen the positive side of the US-UK trade deal. It’s a sign that deals can be done to reduce tariffs, but NAB’s Ken Crompton wonders whether sentiment is running ahead of itself. Although there are some carves out for sectors, including steel, the UK base tariff rate remains at 10 percent. This for a country that already buys more from the US than it sells to them. For that the UK has reduced some of its tariffs and is expected to remove invisible barriers around…
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